Filed September 25, 2020 (most recent of 5 filings on file)
Total covered: 8 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VALIC RETIREMENT SERVICES CO. Service code 19 · EIN 51-0396365 | Securities Custodian | $39,156 |
Filed as: VARIABLE ANNUITY LIFE INSURANCE CO. Service code 19 · EIN 74-1625348 | Securities Custodian | $403 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $57,704 | $58,121-0.7% | $130,788-55.9% | $64,728-10.9% |
| Participation rate | 47.1% | 34.7%+12.3pp | 70.1%-23.0pp | 57.9%-10.8pp |
| Annual return | 13.12% | 102.13%-89.0pp | 386.44%-373.3pp | 49.38%-36.3pp |
| Employer contribution / active EE | $1,702 | $1,281+32.9% | $3,558-52.2% | $2,243-24.1% |
| Participant deferral / active EE | $1,957 | $2,137-8.4% | $4,137-52.7% | $2,729-28.3% |
| Admin fee / account holder | $99 | $1,703-94.2% | $6,673-98.5% | $1,145-91.3% |