Filed August 19, 2021 (most recent of 5 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
TIAA8 years Service code 15 · EIN 13-1624203 | Recordkeeping | $160,051 |
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.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $106,342 | $133,493-20.3% | $64,110+65.9% | $96,393+10.3% |
| Participation rate | 48.9% | 69.3%-20.5pp | 72.3%-23.5pp | 71.3%-22.4pp |
| Annual return | 14.87% | 17.06%-2.2pp | 33.75%-18.9pp | 22.88%-8.0pp |
| Employer contribution / active EE | $0 | $6,233-100.0% | $2,751-100.0% | $3,239-100.0% |
| Participant deferral / active EE | $1,069 | $5,097-79.0% | $3,883-72.5% | $5,455-80.4% |
| Admin fee / account holder | $15 | $34-57.7% | $3,071-99.5% | $74-80.3% |