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 | $46,975 |
CITRIN COOPERMAN1 year Service code 10 · EIN 22-2428965 | Accounting | $15,000 |
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 | $80,458 | $66,601+20.8% | $92,909-13.4% | $67,579+19.1% |
| Participation rate | 51.8% | 72.5%-20.7pp | 76.0%-24.2pp | 71.3%-19.5pp |
| Annual return | 22.78% | 92.58%-69.8pp | 109.44%-86.7pp | 378.56%-355.8pp |
| Employer contribution / active EE | $1,447 | $2,775-47.9% | $3,653-60.4% | $2,148-32.6% |
| Participant deferral / active EE | $4,031 | $3,157+27.7% | $4,238-4.9% | $3,539+13.9% |
| Admin fee / account holder | $251 | $199+26.2% | $5,795-95.7% | $142+76.3% |