Filed June 20, 2023 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
TAG RESOURCES, LLC2+ years Service code 15 · EIN 62-1874769 | Recordkeeping | $1,306 |
Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399 | Recordkeeping | $200 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $9,619 | $52,967-81.8% | $172,753-94.4% | $65,186-85.2% |
| Participation rate | 20.0% | 66.2%-46.2pp | 82.6%-62.6pp | 70.2%-50.2pp |
| Annual return | 29.59% | 30.12%-0.5pp | 803.00%-773.4pp | 29.39%+0.2pp |
| Employer contribution / active EE | $274 | $2,190-87.5% | $5,144-94.7% | $2,177-87.4% |
| Participant deferral / active EE | $770 | $2,471-68.8% | $5,198-85.2% | $3,514-78.1% |
| Admin fee / account holder | $25 | $472-94.6% | $13,956-99.8% | $847-97.0% |