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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INS Service code 15 · EIN 36-6071399 | Recordkeeping | $4,586 |
TAG RESOURCES, LLC3 years Service code 15 · EIN 62-1874769 | Recordkeeping | $3,408 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,020 | $54,590-43.2% | $81,726-62.0% | $73,497-57.8% |
| Participation rate | 26.4% | 68.3%-41.9pp | 72.0%-45.6pp | 70.7%-44.3pp |
| Annual return | 15.71% | 17.74%-2.0pp | 29.49%-13.8pp | 28.51%-12.8pp |
| Employer contribution / active EE | $0 | $1,636-100.0% | $4,311-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $386 | $2,759-86.0% | $7,108-94.6% | $3,740-89.7% |
| Admin fee / account holder | $85 | $592-85.6% | $5,160-98.4% | $513-83.4% |