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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $673 |
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 | $4,623 | $26,549-82.6% | $61,452-92.5% | $66,938-93.1% |
| Participation rate | 17.8% | 38.1%-20.3pp | 52.6%-34.8pp | 69.8%-52.0pp |
| Annual return | 0.00% | -16.21%+16.2pp | 338.96%-339.0pp | 1.58%-1.6pp |
| Employer contribution / active EE | $389 | $651-40.2% | $1,160-66.4% | $2,545-84.7% |
| Participant deferral / active EE | $676 | $1,338-49.5% | $2,125-68.2% | $4,238-84.0% |
| Admin fee / account holder | $34 | $409-91.8% | $2,131-98.4% | $594-94.3% |