Filed February 5, 2018
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| Provider | Service type | Compensation |
|---|---|---|
TIAA8+ years Filed as: TIAA-TEACHERS INSURANCE AND ANNUITY Service code 15 · EIN 13-1624203 | Recordkeeping | $475 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $66,710 | $79,151-15.7% | $60,906+9.5% | $64,819+2.9% |
| Participation rate | 43.3% | 77.7%-34.4pp | 73.1%-29.8pp | 71.5%-28.2pp |
| Annual return | -12.09% | -7.12%-5.0pp | 16.94%-29.0pp | 32.84%-44.9pp |
| Employer contribution / active EE | $948 | $3,052-68.9% | $2,703-64.9% | $2,507-62.2% |
| Participant deferral / active EE | $1,682 | $3,727-54.9% | $3,814-55.9% | $4,311-61.0% |
| Admin fee / account holder | $0 | $106-99.6% | $3,227-100.0% | $188-99.8% |