Filed December 8, 2021
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| Provider | Service type | Compensation |
|---|---|---|
TIAA2 years Filed as: TIAA-CREF - TEACHER INSURANCE ANNUI Service code 15 · EIN 13-1624203 730 THIRD AVE. · NEW YORK, NY 100173206 | Recordkeeping | $32,813 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $18,951 | $53,216-64.4% | $155,534-87.8% | $199,960-90.5% |
| Participation rate | 95.4% | 64.1%+31.3pp | 78.2%+17.2pp | 72.0%+23.4pp |
| Annual return | 12.82% | 41.18%-28.4pp | 64.92%-52.1pp | 34.28%-21.5pp |
| Employer contribution / active EE | $1,122 | $1,848-39.3% | $4,675-76.0% | $3,036-63.0% |
| Participant deferral / active EE | $593 | $3,164-81.3% | $5,630-89.5% | $5,087-88.3% |
| Admin fee / account holder | $15 | $186-92.0% | $15,900-99.9% | $269-94.5% |