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.
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 | $57,704 | $66,444-13.2% | $120,225-52.0% | $79,634-27.5% |
| Participation rate | 47.1% | 42.8%+4.3pp | 69.6%-22.5pp | 62.5%-15.4pp |
| Annual return | 13.12% | 53.37%-40.3pp | 439.23%-426.1pp | 36.46%-23.3pp |
| Employer contribution / active EE | $1,702 | $1,860-8.5% | $3,475-51.0% | $2,529-32.7% |
| Participant deferral / active EE | $1,957 | $2,798-30.0% | $3,999-51.1% | $3,835-49.0% |
| Admin fee / account holder | $99 | $1,295-92.3% | $5,696-98.3% | $1,002-90.1% |