Filed February 12, 2018 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $21,738 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $38,500 | $56,640-32.0% | $78,002-50.6% | $55,167-30.2% |
| Participation rate | 48.1% | 73.3%-25.3pp | 75.5%-27.5pp | 69.0%-20.9pp |
| Annual return | 6.44% | 2868.48%-2862.0pp | 425.99%-419.5pp | 169.23%-162.8pp |
| Employer contribution / active EE | $1,960 | $1,724+13.7% | $2,470-20.6% | $1,963-0.1% |
| Participant deferral / active EE | $2,848 | $2,778+2.5% | $3,497-18.6% | $3,054-6.8% |
| Admin fee / account holder | $215 | $467-53.9% | $5,481-96.1% | $504-57.3% |