Filed January 19, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VARIABLE ANNUITY LIFE INSURANCE CO. Service code 19 · EIN 74-1625348 | Securities Custodian | $78,445 |
TIAA1 year Service code 13 · EIN 13-1624203 | Contract Administrator | $125 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $44,117 | $85,199-48.2% | $57,196-22.9% | $63,975-31.0% |
| Participation rate | 47.2% | 74.0%-26.8pp | 75.3%-28.1pp | 71.1%-23.9pp |
| Annual return | 8.36% | 10.43%-2.1pp | 14.59%-6.2pp | 48.65%-40.3pp |
| Employer contribution / active EE | $1,532 | $3,446-55.5% | $2,683-42.9% | $2,182-29.8% |
| Participant deferral / active EE | $1,773 | $3,109-43.0% | $3,096-42.8% | $3,356-47.2% |
| Admin fee / account holder | $42 | $39+7.8% | $3,141-98.7% | $70-40.9% |