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 | $29,507-88.7% | $56,025-94.1% | $77,762-95.7% |
| Participation rate | 53.7% | 32.7%+21.0pp | 52.5%+1.2pp | 70.6%-16.8pp |
| Annual return | 0.00% | 18.90%-18.9pp | 1712.69%-1712.7pp | 31.27%-31.3pp |
| Employer contribution / active EE | $302 | $570-47.0% | $1,042-71.0% | $2,728-88.9% |
| Participant deferral / active EE | $424 | $1,062-60.1% | $1,955-78.3% | $4,651-90.9% |
| Admin fee / account holder | $61 | $1,041-94.1% | $2,828-97.8% | $433-85.8% |