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 | $52,200 |
TAG RESOURCES, LLC2 years Service code 15 · EIN 62-1874769 | Recordkeeping | $2,798 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $107,187 | $93,182+15.0% | $146,643-26.9% | $79,391+35.0% |
| Participation rate | 42.4% | 76.4%-34.0pp | 80.1%-37.6pp | 70.7%-28.3pp |
| Annual return | 11.04% | 21.61%-10.6pp | 22.75%-11.7pp | 116.88%-105.8pp |
| Employer contribution / active EE | $1,199 | $2,420-50.4% | $4,137-71.0% | $2,428-50.6% |
| Participant deferral / active EE | $2,230 | $4,169-46.5% | $5,506-59.5% | $4,046-44.9% |
| Admin fee / account holder | $724 | $585+23.7% | $10,280-93.0% | $627+15.5% |