Filed March 28, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VALIC Service code 26 · EIN 74-1625348 | Advisory (Participants) | $13,681 |
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $20,384 | $77,816-73.8% | $123,552-83.5% | $64,173-68.2% |
| Participation rate | 88.4% | 74.7%+13.7pp | 82.3%+6.1pp | 69.6%+18.8pp |
| Annual return | -10.13% | 12.49%-22.6pp | 119.20%-129.3pp | 7.63%-17.8pp |
| Employer contribution / active EE | $2,288 | $3,014-24.1% | $4,628-50.6% | $2,381-3.9% |
| Participant deferral / active EE | $4,162 | $5,240-20.6% | $6,426-35.2% | $3,470+20.0% |
| Admin fee / account holder | $103 | $5,519-98.1% | $9,285-98.9% | $4,887-97.9% |