Filed September 6, 2023
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| Provider | Service type | Compensation |
|---|---|---|
TIAA1+ years Filed as: TIAA-TEACHERS INS AND ANNUITY ASSOC Service code 15 · EIN 13-1624203 | Recordkeeping | $490 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $41,221 | $46,360-11.1% | $147,617-72.1% | $52,331-21.2% |
| Participation rate | 38.2% | 64.9%-26.7pp | 84.6%-46.4pp | 68.1%-29.9pp |
| Annual return | 1.88% | 1.62%+0.3pp | 61.98%-60.1pp | 4.54%-2.7pp |
| Employer contribution / active EE | $288 | $2,126-86.5% | $5,564-94.8% | $1,882-84.7% |
| Participant deferral / active EE | $1,937 | $2,258-14.2% | $4,895-60.4% | $3,022-35.9% |
| Admin fee / account holder | $7 | $766-99.1% | $11,612-99.9% | $592-98.8% |