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 | $47,479+113.3% | $62,929+60.9% | $82,448+22.8% |
| Participation rate | 86.5% | 66.9%+19.6pp | 73.1%+13.3pp | 68.1%+18.4pp |
| Annual return | 12.78% | 20.34%-7.6pp | 1063.93%-1051.1pp | 41.64%-28.9pp |
| Employer contribution / active EE | $2,225 | $1,885+18.0% | $2,505-11.1% | $2,551-12.8% |
| Participant deferral / active EE | $7,196 | $2,870+150.7% | $3,888+85.1% | $4,139+73.8% |
| Admin fee / account holder | $522 | $3,804-86.3% | $5,065-89.7% | $7,234-92.8% |