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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399 | Recordkeeping | $14,347 |
Service code 15 · EIN 62-1874769 | Recordkeeping | $8,851 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return 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 | $51,121 | $65,092-21.5% | $143,799-64.4% | $66,938-23.6% |
| Participation rate | 14.4% | 65.2%-50.8pp | 80.3%-65.9pp | 69.8%-55.4pp |
| Annual return | -20.60% | -11.14%-9.5pp | -0.04%-20.6pp | 1.58%-22.2pp |
| Employer contribution / active EE | $512 | $2,362-78.3% | $4,952-89.7% | $2,545-79.9% |
| Participant deferral / active EE | $1,209 | $2,920-58.6% | $5,638-78.6% | $4,238-71.5% |
| Admin fee / account holder | $473 | $502-5.8% | $14,677-96.8% | $594-20.2% |