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.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $101,266 | $48,795+107.5% | $65,493+54.6% | $84,808+19.4% |
| Participation rate | 86.5% | 67.0%+19.5pp | 73.1%+13.4pp | 68.3%+18.1pp |
| Annual return | 12.78% | 20.20%-7.4pp | 982.45%-969.7pp | 40.90%-28.1pp |
| Employer contribution / active EE | $2,225 | $1,930+15.3% | $2,574-13.5% | $2,631-15.4% |
| Participant deferral / active EE | $7,196 | $2,928+145.7% | $3,961+81.7% | $4,212+70.9% |
| Admin fee / account holder | $522 | $3,877-86.5% | $5,028-89.6% | $7,344-92.9% |