Filed September 14, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $14,378 |
Participant 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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $7,115 | $91,179-92.2% | $178,499-96.0% | $79,852-91.1% |
| Participation rate | 94.3% | 69.2%+25.1pp | 81.9%+12.4pp | 69.6%+24.6pp |
| Annual return | 13.59% | 24.19%-10.6pp | 151.10%-137.5pp | 31.72%-18.1pp |
| Employer contribution / active EE | $1,273 | $3,256-60.9% | $5,011-74.6% | $2,471-48.5% |
| Participant deferral / active EE | $689 | $3,236-78.7% | $5,202-86.7% | $3,740-81.6% |
| Admin fee / account holder | $65 | $6,749-99.0% | $13,986-99.5% | $5,306-98.8% |