Filed March 28, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VALIC Service code 26 · EIN 74-1625348 | Advisory (Participants) | $16,626 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
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 | $35,002 | $98,760-64.6% | $149,715-76.6% | $79,858-56.2% |
| Participation rate | 51.6% | 75.8%-24.2pp | 82.5%-30.9pp | 69.6%-18.1pp |
| Annual return | 8.01% | 27.43%-19.4pp | 276.66%-268.7pp | 31.72%-23.7pp |
| Employer contribution / active EE | $1,720 | $3,217-46.5% | $4,645-63.0% | $2,471-30.4% |
| Participant deferral / active EE | $3,362 | $5,681-40.8% | $6,842-50.9% | $3,740-10.1% |
| Admin fee / account holder | $155 | $6,053-97.4% | $9,310-98.3% | $5,306-97.1% |