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 | $29,627 |
Service code 15 · EIN 23-1735188 | Recordkeeping | $7,304 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $24,251 | $59,448-59.2% | $93,696-74.1% | $74,459-67.4% |
| Participation rate | 68.4% | 59.6%+8.8pp | 68.7%-0.3pp | 67.2%+1.2pp |
| Annual return | 14.58% | 82.11%-67.5pp | 133.74%-119.2pp | 1369.70%-1355.1pp |
| Employer contribution / active EE | $282 | $1,266-77.8% | $2,422-88.4% | $2,626-89.3% |
| Participant deferral / active EE | $1,504 | $3,052-50.7% | $4,417-66.0% | $4,350-65.4% |
| Admin fee / account holder | $232 | $3,027-92.3% | $8,287-97.2% | $1,945-88.1% |