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 | $65,191-11.5% | $135,768-57.5% | $65,191-11.5% |
| Participation rate | 47.1% | 63.0%-15.9pp | 71.1%-24.0pp | 63.0%-15.9pp |
| Annual return | 13.12% | 51.24%-38.1pp | 526.10%-513.0pp | 51.24%-38.1pp |
| Employer contribution / active EE | $1,702 | $2,400-29.1% | $3,394-49.8% | $2,400-29.1% |
| Participant deferral / active EE | $1,957 | $2,671-26.7% | $3,977-50.8% | $2,671-26.7% |
| Admin fee / account holder | $99 | $907-89.0% | $7,048-98.6% | $907-89.0% |