Filed February 1, 2017
Total covered: 3 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399 | Recordkeeping | $11,003 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $12,498 | $155,795-92.0% | $136,294-90.8% | $69,631-82.1% |
| Participation rate | 53.6% | 75.2%-21.7pp | 81.9%-28.3pp | 70.7%-17.1pp |
| Annual return | 19.75% | 232464.33%-232444.6pp | 5155.94%-5136.2pp | 27571.02%-27551.3pp |
| Employer contribution / active EE | $726 | $2,991-75.7% | $4,695-84.5% | $2,032-64.3% |
| Participant deferral / active EE | $2,322 | $5,394-57.0% | $6,247-62.8% | $3,224-28.0% |
| Admin fee / account holder | $38 | $128-70.2% | $9,243-99.6% | $110-65.4% |