Filed April 24, 2023
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| Provider | Service type | Compensation |
|---|---|---|
TIAA3 years Filed as: TIAA - TEACHERS INSURANCE AND ANNUI Service code 15 · EIN 13-1624203 730 THIRD AVE. · NEW YORK, NY 10017 | Recordkeeping | $10,100 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,894 | $45,000-26.9% | $143,757-77.1% | $77,904-57.8% |
| Participation rate | 48.3% | 66.8%-18.5pp | 80.3%-32.0pp | 73.7%-25.4pp |
| Annual return | -13.02% | 29.03%-42.0pp | -0.04%-13.0pp | 12.21%-25.2pp |
| Employer contribution / active EE | $602 | $1,870-67.8% | $4,951-87.8% | $2,848-78.9% |
| Participant deferral / active EE | $3,002 | $3,157-4.9% | $5,637-46.7% | $4,806-37.5% |
| Admin fee / account holder | $3 | $98-96.5% | $14,673-100.0% | $133-97.4% |