Filed May 17, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 · EIN 47-3829020 | Advisory (Plan) | $31,642 |
Service code 15 · EIN 16-1450952 | Recordkeeping | $22,816 |
Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259 | Securities Custodian | $6,507 |
CHARLES SCHWAB & CO., INC.2 years Service code 59 · EIN 94-1737782 | Shareholder Servicing | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $166,072 | $70,917+134.2% | $98,920+67.9% | $73,493+126.0% |
| Participation rate | 70.1% | 73.8%-3.7pp | 76.0%-6.0pp | 70.7%-0.6pp |
| Annual return | 44.16% | 34.18%+10.0pp | 196.47%-152.3pp | 28.51%+15.6pp |
| Employer contribution / active EE | $2,109 | $2,037+3.5% | $2,689-21.6% | $2,270-7.1% |
| Participant deferral / active EE | $4,429 | $3,501+26.5% | $4,245+4.3% | $3,740+18.4% |
| Admin fee / account holder | $413 | $535-22.9% | $6,643-93.8% | $513-19.6% |