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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399 | Recordkeeping | $7,505 |
Service code 15 · EIN 62-1874769 | Recordkeeping | $5,689 |
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 | $16,103 | $48,235-66.6% | $68,803-76.6% | $68,490-76.5% |
| Participation rate | 31.6% | 60.7%-29.0pp | 69.0%-37.4pp | 67.9%-36.3pp |
| Annual return | -14.19% | -12.70%-1.5pp | -6.37%-7.8pp | -7.85%-6.3pp |
| Employer contribution / active EE | $0 | $1,829-100.0% | $2,656-100.0% | $2,597-100.0% |
| Participant deferral / active EE | $514 | $2,867-82.1% | $3,942-87.0% | $4,028-87.2% |
| Admin fee / account holder | $287 | $4,361-93.4% | $4,936-94.2% | $5,403-94.7% |