Filed April 8, 2020
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| Provider | Service type | Compensation |
|---|---|---|
TIAA3+ years Service code 15 · EIN 13-1624203 | Recordkeeping | $26,444 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,801 | $79,151-58.6% | $60,919-46.2% | $64,824-49.4% |
| Participation rate | 53.6% | 77.7%-24.1pp | 73.1%-19.5pp | 71.5%-17.9pp |
| Annual return | -13.48% | -7.12%-6.4pp | 16.96%-30.4pp | 32.84%-46.3pp |
| Employer contribution / active EE | $0 | $3,052-100.0% | $2,704-100.0% | $2,507-100.0% |
| Participant deferral / active EE | $0 | $3,727-100.0% | $3,814-100.0% | $4,311-100.0% |
| Admin fee / account holder | $36 | $106-65.9% | $3,228-98.9% | $188-80.8% |