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 | $53,698 |
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 | $92,467 | $91,517+1.0% | $101,275-8.7% | $73,412+26.0% |
| Participation rate | 53.3% | 73.8%-20.4pp | 75.8%-22.5pp | 72.2%-18.8pp |
| Annual return | 15.54% | 17.17%-1.6pp | 46.48%-30.9pp | 59.30%-43.8pp |
| Employer contribution / active EE | $1,571 | $2,877-45.4% | $3,660-57.1% | $2,234-29.7% |
| Participant deferral / active EE | $3,896 | $3,338+16.7% | $4,371-10.9% | $3,806+2.4% |
| Admin fee / account holder | $199 | $216-7.9% | $5,948-96.7% | $158+26.0% |