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 | $51,934 |
Filed as: ADMIN. GROUP LLC DBA TAG RESOURCES Service code 15 · EIN 62-1874769 | Recordkeeping | $2,800 |
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 | $97,202 | $86,692+12.1% | $119,634-18.8% | $66,949+45.2% |
| Participation rate | 41.0% | 75.6%-34.5pp | 79.3%-38.2pp | 69.8%-28.8pp |
| Annual return | -15.39% | -8.00%-7.4pp | -14.98%-0.4pp | 1.57%-17.0pp |
| Employer contribution / active EE | $1,245 | $2,536-50.9% | $4,232-70.6% | $2,545-51.1% |
| Participant deferral / active EE | $2,440 | $4,360-44.0% | $5,601-56.4% | $4,239-42.4% |
| Admin fee / account holder | $760 | $755+0.7% | $10,329-92.6% | $594+28.1% |