Filed August 19, 2021 (most recent of 5 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
TIAA9 years Service code 15 · EIN 13-1624203 | Recordkeeping | $182,486 |
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 | $116,038 | $145,906-20.5% | $67,560+71.8% | $106,553+8.9% |
| Participation rate | 50.6% | 67.1%-16.6pp | 72.9%-22.3pp | 69.8%-19.2pp |
| Annual return | 12.86% | 15.10%-2.2pp | 3533.50%-3520.6pp | 17.37%-4.5pp |
| Employer contribution / active EE | $0 | $6,028-100.0% | $2,737-100.0% | $3,359-100.0% |
| Participant deferral / active EE | $1,292 | $5,093-74.6% | $4,004-67.7% | $5,562-76.8% |
| Admin fee / account holder | $17 | $38-55.8% | $3,994-99.6% | $80-79.0% |