Filed April 8, 2020
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| Provider | Service type | Compensation |
|---|---|---|
TIAA6+ years Service code 15 · EIN 13-1624203 | Recordkeeping | $49,814 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $50,984 | $113,568-55.1% | $67,560-24.5% | $200,096-74.5% |
| Participation rate | 36.0% | 73.3%-37.3pp | 72.9%-36.9pp | 72.0%-36.0pp |
| Annual return | 14.45% | 15.88%-1.4pp | 3533.50%-3519.0pp | 34.26%-19.8pp |
| Employer contribution / active EE | $1,608 | $3,409-52.8% | $2,737-41.3% | $3,038-47.1% |
| Participant deferral / active EE | $1,599 | $4,163-61.6% | $4,004-60.1% | $5,090-68.6% |
| Admin fee / account holder | $57 | $102-44.8% | $3,994-98.6% | $269-79.0% |