Filed January 3, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $948 |
Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 36-3194849 | Advisory (Plan) | $394 |
Filed as: TRANSAMERICA FINANCIAL ADVISORS INC Service code 27 · EIN 59-2476008 | Advisory (Plan) | $8 |
Filed as: RETIREMENT PLAN CONCEPTS & SERVICES Service code 15 · EIN 35-2091834 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $64,416 | $55,470+16.1% | $155,556-58.6% | $74,478-13.5% |
| Participation rate | 66.9% | 61.9%+5.0pp | 78.2%-11.4pp | 67.2%-0.4pp |
| Annual return | 12.25% | 269.80%-257.6pp | 64.84%-52.6pp | 1370.56%-1358.3pp |
| Employer contribution / active EE | $764 | $2,267-66.3% | $4,675-83.7% | $2,626-70.9% |
| Participant deferral / active EE | $3,899 | $2,838+37.4% | $5,631-30.8% | $4,350-10.4% |
| Admin fee / account holder | $561 | $1,744-67.8% | $15,885-96.5% | $1,946-71.2% |