Filed October 7, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $34,372 |
AIR GROUP, LLC2 years Service code 10 · EIN 22-3620908 | Accounting | $8,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $77,866 | $60,545+28.6% | $92,240-15.6% | $69,631+11.8% |
| Participation rate | 53.4% | 72.2%-18.7pp | 76.5%-23.1pp | 70.7%-17.3pp |
| Annual return | 15.31% | 19.71%-4.4pp | 176.29%-161.0pp | 27571.02%-27555.7pp |
| Employer contribution / active EE | $1,087 | $2,633-58.7% | $3,680-70.5% | $2,032-46.5% |
| Participant deferral / active EE | $3,326 | $2,828+17.6% | $3,897-14.7% | $3,224+3.2% |
| Admin fee / account holder | $224 | $145+54.9% | $5,194-95.7% | $110+103.0% |