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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $62,293 |
Service code 10 · EIN 01-0531587 | Accounting | $7,800 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $17,498 | $70,002-75.0% | $115,038-84.8% | $52,331-66.6% |
| Participation rate | 65.7% | 72.1%-6.4pp | 81.4%-15.7pp | 68.1%-2.4pp |
| Annual return | 3.29% | 4.04%-0.7pp | 26.14%-22.8pp | 4.54%-1.2pp |
| Employer contribution / active EE | $966 | $2,715-64.4% | $4,608-79.0% | $1,882-48.7% |
| Participant deferral / active EE | $1,807 | $4,920-63.3% | $6,026-70.0% | $3,022-40.2% |
| Admin fee / account holder | $381 | $566-32.7% | $8,175-95.3% | $592-35.6% |