Filed October 7, 2021
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| Provider | Service type | Compensation |
|---|---|---|
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $8,780 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $106,419 | $83,023+28.2% | $102,437+3.9% | $77,762+36.9% |
| Participation rate | 50.9% | 71.5%-20.6pp | 74.5%-23.6pp | 70.6%-19.6pp |
| Annual return | 13.44% | 19.12%-5.7pp | 24.95%-11.5pp | 31.27%-17.8pp |
| Employer contribution / active EE | $1,871 | $3,552-47.3% | $3,871-51.7% | $2,728-31.4% |
| Participant deferral / active EE | $4,610 | $4,110+12.2% | $5,060-8.9% | $4,651-0.9% |
| Admin fee / account holder | $24 | $639-96.2% | $8,388-99.7% | $433-94.4% |