Filed April 24, 2023
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| Provider | Service type | Compensation |
|---|---|---|
TIAA2 years Filed as: TIAA - TEACHERS INSURANCE AND ANNUI Service code 15 · EIN 13-1624203 730 THIRD AVE. · NEW YORK, NY 10017 | Recordkeeping | $5,850 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,391 | $67,512-43.1% | $185,837-79.3% | $93,010-58.7% |
| Participation rate | 52.7% | 67.1%-14.5pp | 81.7%-29.0pp | 73.9%-21.2pp |
| Annual return | 13.48% | 21.04%-7.6pp | 122.08%-108.6pp | 158.70%-145.2pp |
| Employer contribution / active EE | $518 | $1,783-71.0% | $5,168-90.0% | $2,705-80.9% |
| Participant deferral / active EE | $2,432 | $3,035-19.9% | $5,568-56.3% | $4,561-46.7% |
| Admin fee / account holder | $2 | $318-99.5% | $16,241-100.0% | $152-99.0% |