Filed June 20, 2023 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
TAG RESOURCES, LLC4+ years Service code 15 · EIN 62-1874769 | Recordkeeping | $7,503 |
Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399 | Recordkeeping | $2,032 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,473 | $61,166-63.3% | $185,849-87.9% | $79,391-71.7% |
| Participation rate | 20.3% | 66.6%-46.4pp | 81.7%-61.5pp | 70.7%-50.5pp |
| Annual return | 29.42% | 19.45%+10.0pp | 122.10%-92.7pp | 116.88%-87.5pp |
| Employer contribution / active EE | $288 | $2,321-87.6% | $5,169-94.4% | $2,428-88.1% |
| Participant deferral / active EE | $973 | $2,789-65.1% | $5,569-82.5% | $4,046-75.9% |
| Admin fee / account holder | $233 | $710-67.2% | $16,244-98.6% | $627-62.9% |