Filed June 3, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VARIABLE ANNUITY LIFE INS CO Service code 13 · EIN 74-1625348 | Contract Administrator | $7,532 |
TIAA2+ years Service code 15 · EIN 13-1624203 | Recordkeeping | $2,212 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,199 | $68,408-39.8% | $57,179-27.9% | $57,658-28.5% |
| Participation rate | 44.6% | 79.1%-34.5pp | 75.3%-30.7pp | 70.2%-25.6pp |
| Annual return | 8.15% | 8.51%-0.4pp | 14.59%-6.4pp | 5.13%+3.0pp |
| Employer contribution / active EE | $0 | $2,869-100.0% | $2,682-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $1,818 | $2,903-37.4% | $3,096-41.3% | $3,061-40.6% |
| Admin fee / account holder | $23 | $70-66.9% | $3,139-99.3% | $95-75.6% |