Filed July 22, 2015
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $5,674 |
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 | $19,472 | $23,119-15.8% | $71,089-72.6% | $75,289-74.1% |
| Participation rate | 12.9% | 36.3%-23.4pp | 54.6%-41.7pp | 72.4%-59.5pp |
| Annual return | -3.76% | -3.32%-0.4pp | 650.65%-654.4pp | -0.04%-3.7pp |
| Employer contribution / active EE | $88 | $399-77.9% | $1,088-91.9% | $2,405-96.3% |
| Participant deferral / active EE | $427 | $960-55.5% | $1,873-77.2% | $3,739-88.6% |
| Admin fee / account holder | $18 | $89-79.5% | $3,082-99.4% | $102-82.1% |