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 | $15,905 |
Annual investment return 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.
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 | $8,025 | $95,406-91.6% | $185,849-95.7% | $85,847-90.7% |
| Participation rate | 98.6% | 68.8%+29.8pp | 81.7%+16.8pp | 69.3%+29.2pp |
| Annual return | 10.09% | 23.59%-13.5pp | 122.10%-112.0pp | 318.61%-308.5pp |
| Employer contribution / active EE | $1,698 | $3,314-48.8% | $5,169-67.1% | $2,565-33.8% |
| Participant deferral / active EE | $1,034 | $3,424-69.8% | $5,569-81.4% | $3,952-73.8% |
| Admin fee / account holder | $67 | $7,214-99.1% | $16,244-99.6% | $6,261-98.9% |