Filed May 29, 2024
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| Provider | Service type | Compensation |
|---|---|---|
TIAA1 year Service code 64 · EIN 13-1624203 730 THIRD AVENUE · NEW YORK, NY 10017 | Recordkeeping Fees | $4,629 |
Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 27 · EIN 47-1411118 11312 DEAD RIVER ROAD · TAVARES, FL 32778 | Advisory (Plan) | $4,203 |
Service code 28 · EIN 59-3220107 11312 DEAD RIVER ROAD · TAVARES, FL 32778 | Investment Management | $839 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant 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.
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 | $7,671 | $37,245-79.4% | $94,993-91.9% | $77,958-90.2% |
| Participation rate | 7.2% | 56.5%-49.3pp | 73.9%-66.7pp | 71.6%-64.5pp |
| Annual return | 20.30% | 22.72%-2.4pp | 27.14%-6.8pp | 20.87%-0.6pp |
| Employer contribution / active EE | $0 | $894-100.0% | $2,603-100.0% | $2,310-100.0% |
| Participant deferral / active EE | $180 | $1,828-90.2% | $3,317-94.6% | $3,537-94.9% |
| Admin fee / account holder | $81 | $59+36.4% | $4,960-98.4% | $97-17.2% |