Filed May 29, 2024
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| Provider | Service type | Compensation |
|---|---|---|
TIAA6+ years Service code 64 · EIN 13-1624203 730 THIRD AVE · NEW YORK, NY 100173206 | Recordkeeping Fees | $40,310 |
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
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 | $5,719 | $51,447-88.9% | $104,639-94.5% | $73,412-92.2% |
| Participation rate | 98.1% | 68.2%+29.8pp | 74.1%+24.0pp | 72.2%+25.9pp |
| Annual return | 10.89% | 25.06%-14.2pp | 340.67%-329.8pp | 59.30%-48.4pp |
| Employer contribution / active EE | $0 | $1,441-100.0% | $2,682-100.0% | $2,234-100.0% |
| Participant deferral / active EE | $0 | $3,058-100.0% | $3,738-100.0% | $3,806-100.0% |
| Admin fee / account holder | $28 | $122-76.8% | $6,465-99.6% | $158-82.0% |