Filed April 22, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE CO Service code 15 · EIN 39-0989781 | Recordkeeping | $31,134 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,123 | $65,246-66.1% | $98,716-77.6% | $67,986-67.5% |
| Participation rate | 68.9% | 51.4%+17.5pp | 69.3%-0.3pp | 57.2%+11.7pp |
| Annual return | 13.19% | 20.58%-7.4pp | 31.81%-18.6pp | 31.67%-18.5pp |
| Employer contribution / active EE | $276 | $1,042-73.5% | $2,279-87.9% | $2,019-86.3% |
| Participant deferral / active EE | $1,543 | $2,594-40.5% | $4,048-61.9% | $3,358-54.1% |
| Admin fee / account holder | $207 | $4,561-95.5% | $8,703-97.6% | $3,203-93.5% |