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 | $9,662 |
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 | $95,700 | $93,010+2.9% | $96,520-0.8% | $74,440+28.6% |
| Participation rate | 52.0% | 71.6%-19.6pp | 74.3%-22.4pp | 70.7%-18.8pp |
| Annual return | 16.12% | 37.50%-21.4pp | 35.72%-19.6pp | 34.37%-18.2pp |
| Employer contribution / active EE | $1,734 | $3,427-49.4% | $3,739-53.6% | $2,638-34.2% |
| Participant deferral / active EE | $4,333 | $3,971+9.1% | $4,879-11.2% | $4,529-4.3% |
| Admin fee / account holder | $29 | $633-95.5% | $6,733-99.6% | $348-91.8% |