Filed October 14, 2020
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER5 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $64,242 |
Filed as: KESTRA ADVISORY SERVICES Service code 15 · EIN 35-2552359 | Recordkeeping | $51,240 |
Filed as: CHARLES SCHWAB INVESTMENT MGMT INC. Service code 33 · EIN 94-3106735 | Securities brokerage | $58 |
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $62,457 | $66,486-6.1% | $81,370-23.2% | $77,762-19.7% |
| Participation rate | 96.6% | 68.7%+27.9pp | 69.5%+27.0pp | 70.6%+26.0pp |
| Annual return | 11.63% | 15.95%-4.3pp | 24.85%-13.2pp | 31.27%-19.6pp |
| Employer contribution / active EE | $3,613 | $2,158+67.5% | $2,464+46.6% | $2,728+32.4% |
| Participant deferral / active EE | $5,690 | $3,677+54.8% | $3,885+46.5% | $4,651+22.3% |
| Admin fee / account holder | $281 | $586-52.0% | $5,749-95.1% | $433-35.1% |