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 | $58,474 |
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 | $79,097 | $106,236-25.5% | $112,249-29.5% | $64,819+22.0% |
| Participation rate | 52.7% | 71.7%-18.9pp | 75.1%-22.3pp | 71.5%-18.7pp |
| Annual return | -14.65% | -6.02%-8.6pp | 27.48%-42.1pp | 32.84%-47.5pp |
| Employer contribution / active EE | $1,762 | $3,166-44.4% | $3,636-51.5% | $2,507-29.7% |
| Participant deferral / active EE | $4,208 | $3,785+11.2% | $4,729-11.0% | $4,311-2.4% |
| Admin fee / account holder | $174 | $452-61.5% | $6,412-97.3% | $188-7.3% |