Filed August 31, 2022 (most recent of 3 filings on file)
Total covered: 1,021 employees
| Provider | Service type | Compensation |
|---|---|---|
TIAA1 year Service code 37 · EIN 13-1624203 | Loan Processing | $108,718 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,369 | $105,179-81.6% | $64,110-69.8% | $80,187-75.8% |
| Participation rate | 65.4% | 73.5%-8.2pp | 72.3%-7.0pp | 72.9%-7.6pp |
| Annual return | 20.85% | 20.34%+0.5pp | 33.75%-12.9pp | 40.40%-19.5pp |
| Employer contribution / active EE | $355 | $3,311-89.3% | $2,751-87.1% | $2,980-88.1% |
| Participant deferral / active EE | $2,214 | $4,020-44.9% | $3,883-43.0% | $5,016-55.9% |
| Admin fee / account holder | $20 | $113-82.1% | $3,071-99.3% | $145-86.0% |