Filed April 18, 2023 (most recent of 9 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
VALIC RETIREMENT SERVICES COMPANY10+ years Service code 19 · EIN 51-0396365 | Securities Custodian | $99,315 |
Filed as: THE VARIABLE ANNUITY LIFE INSURANCE Service code 19 · EIN 74-1625348 | Securities Custodian | $1,001 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $69,635 | $53,204+30.9% | $155,556-55.2% | $200,096-65.2% |
| Participation rate | 62.2% | 64.1%-1.9pp | 78.2%-16.0pp | 72.0%-9.8pp |
| Annual return | 11.94% | 41.02%-29.1pp | 64.84%-52.9pp | 34.26%-22.3pp |
| Employer contribution / active EE | $26 | $1,850-98.6% | $4,675-99.4% | $3,038-99.1% |
| Participant deferral / active EE | $3,404 | $3,163+7.6% | $5,631-39.5% | $5,090-33.1% |
| Admin fee / account holder | $29 | $186-84.1% | $15,885-99.8% | $269-89.1% |