Filed May 4, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INS Service code 15 · EIN 36-6071399 | Recordkeeping | $43,901 |
Service code 26 38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263 | Advisory (Participants) | $6,326 |
TAG RESOURCES, LLC1 year Service code 15 · EIN 62-1874769 | Recordkeeping | $2,707 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $100,754 | $81,494+23.6% | $133,978-24.8% | $73,497+37.1% |
| Participation rate | 45.2% | 76.4%-31.2pp | 79.8%-34.7pp | 70.7%-25.5pp |
| Annual return | 16.03% | 19.40%-3.4pp | 45.10%-29.1pp | 28.51%-12.5pp |
| Employer contribution / active EE | $1,017 | $2,210-54.0% | $3,919-74.0% | $2,270-55.2% |
| Participant deferral / active EE | $1,913 | $3,787-49.5% | $5,047-62.1% | $3,740-48.8% |
| Admin fee / account holder | $740 | $713+3.7% | $8,930-91.7% | $513+44.2% |