Filed March 14, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 28 · EIN 94-2832299 | Investment Management | $489,031 |
Service code 26 · EIN 27-4826969 | Advisory (Participants) | $5,440 |
CHARLES SCHWAB & CO., INC.3 years Service code 33 · EIN 94-1737782 | Direct payment from the plan; Float r... | $1,150 |
Filed as: CHARLES SCHWAB & CO. INC. & AFFIL Service code 59 | Shareholder Servicing | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $612,242 | $98,982+518.5% | $162,185+277.5% | $65,188+839.2% |
| Participation rate | 81.8% | 85.8%-4.0pp | 87.6%-5.7pp | 70.2%+11.6pp |
| Annual return | 21.13% | 24.84%-3.7pp | 115.61%-94.5pp | 29.38%-8.3pp |
| Employer contribution / active EE | $22,348 | $3,467+544.7% | $5,613+298.1% | $2,177+926.7% |
| Participant deferral / active EE | $12,320 | $5,384+128.8% | $7,297+68.8% | $3,514+250.6% |
| Admin fee / account holder | $2,078 | $596+248.4% | $10,844-80.8% | $847+145.2% |