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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399 440 MAMARONECK AVE · HARRISON, NY 10528 | Recordkeeping | $8,102 |
THE PENSION DESIGN GROUP1 year Service code 15 | Recordkeeping | $5,666 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $16,762 | $64,176-73.9% | $112,263-85.1% | $66,949-75.0% |
| Participation rate | 55.5% | 68.4%-13.0pp | 75.1%-19.6pp | 69.8%-14.4pp |
| Annual return | -16.57% | -13.80%-2.8pp | 27.49%-44.1pp | 1.57%-18.1pp |
| Employer contribution / active EE | $1,221 | $3,007-59.4% | $3,636-66.4% | $2,545-52.0% |
| Participant deferral / active EE | $2,680 | $3,694-27.4% | $4,729-43.3% | $4,239-36.8% |
| Admin fee / account holder | $186 | $626-70.3% | $6,410-97.1% | $594-68.7% |