Filed January 7, 2021
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| Provider | Service type | Compensation |
|---|---|---|
TIAA1 year Filed as: TIAA CREF Service code 15 430 THIRD AVE · NEW YORK, NC 100173208 | Recordkeeping | $42,637 |
RBC WEALTH MANAGEMENT1 year Service code 27 · EIN 41-1416330 60 S 6TH ST. · MINNEAPOLIS, MD 554024400 | Advisory (Plan) | $29,935 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $101,266 | $50,554+100.3% | $67,681+49.6% | $87,485+15.8% |
| Participation rate | 86.5% | 67.7%+18.7pp | 73.7%+12.7pp | 68.9%+17.5pp |
| Annual return | 12.78% | 17.81%-5.0pp | 590.58%-577.8pp | 26.06%-13.3pp |
| Employer contribution / active EE | $2,225 | $1,988+11.9% | $2,678-16.9% | $2,596-14.3% |
| Participant deferral / active EE | $7,196 | $2,961+143.0% | $3,976+81.0% | $4,274+68.4% |
| Admin fee / account holder | $522 | $4,132-87.4% | $6,100-91.4% | $7,775-93.3% |