Filed December 7, 2015
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 42-1484983 | Recordkeeping | $16,603 |
Filed as: TRANSAMERICA FINANCIAL LIFE INS. CO Service code 15 · EIN 36-6071399 | Recordkeeping | $11,302 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $3,324 | $29,569-88.8% | $56,077-94.1% | $77,714-95.7% |
| Participation rate | 53.7% | 32.6%+21.1pp | 52.5%+1.2pp | 70.6%-16.8pp |
| Annual return | 0.00% | 18.90%-18.9pp | 1709.28%-1709.3pp | 31.26%-31.3pp |
| Employer contribution / active EE | $302 | $569-47.0% | $1,040-71.0% | $2,727-88.9% |
| Participant deferral / active EE | $424 | $1,061-60.0% | $1,954-78.3% | $4,649-90.9% |
| Admin fee / account holder | $61 | $1,042-94.1% | $2,825-97.8% | $433-85.8% |