Filed May 17, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 16-1450952 | Recordkeeping | $38,311 |
CLAYTON FINANCIAL GROUP, LLC4 years Service code 27 · EIN 47-3829020 | Advisory (Plan) | $31,597 |
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259 | Securities Custodian | $5,871 |
CHARLES SCHWAB & CO., INC.5 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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $115,826 | $71,523+61.9% | $98,461+17.6% | $71,511+62.0% |
| Participation rate | 100.0% | 72.7%+27.3pp | 75.2%+24.8pp | 67.9%+32.1pp |
| Annual return | 14.69% | 32.43%-17.7pp | 21.17%-6.5pp | 28.86%-14.2pp |
| Employer contribution / active EE | $4,284 | $2,399+78.6% | $3,049+40.5% | $2,589+65.5% |
| Participant deferral / active EE | $6,277 | $4,109+52.8% | $4,738+32.5% | $4,291+46.3% |
| Admin fee / account holder | $448 | $1,676-73.3% | $8,961-95.0% | $1,588-71.8% |