Filed June 26, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
TIAA7 years Service code 12 · EIN 04-2103542 730 THIRD AVE · NEW YORK, NY 10017 | Claims processing; Participant commun... | $10,000 |
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Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $0 | $151,892-100.0% | $97,195-100.0% | $328,120-100.0% |
| Participation rate | 0.0% | 44.4%-44.4pp | 45.3%-45.3pp | 34.1%-34.1pp |
| Annual return | 9.68% | 3.50%+6.2pp | 5.08%+4.6pp | 13.02%-3.3pp |
| Employer contribution / active EE | $0 | $28,654-100.0% | $21,287-100.0% | $34,257-100.0% |
| Participant deferral / active EE | $0 | $341-100.0% | $803-100.0% | $62-100.0% |
| Admin fee / account holder | $0 | $26,557-100.0% | $19,300-100.0% | $39,117-100.0% |