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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399 | Recordkeeping | $50,396 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,275 | $75,388-67.8% | $123,553-80.4% | $55,725-56.4% |
| Participation rate | 66.9% | 75.7%-8.8pp | 82.3%-15.4pp | 70.9%-4.0pp |
| Annual return | -5.63% | 4.48%-10.1pp | 119.21%-124.8pp | 244.93%-250.6pp |
| Employer contribution / active EE | $966 | $3,063-68.4% | $4,628-79.1% | $2,078-53.5% |
| Participant deferral / active EE | $1,871 | $5,651-66.9% | $6,426-70.9% | $3,356-44.3% |
| Admin fee / account holder | $79 | $120-34.4% | $9,284-99.2% | $115-31.7% |