Retirement plan

TRANSAMERICA 401(K) RETIREMENT SAVINGS PLAN

Name: TRANSAMERICA CORPORATION - TRANSAMERICA 401(K) RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: TRANSAMERICA CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRANSAMERICA 401(K) RETIREMENT SAVINGS PLAN, TRANSAMERICA CORPORATION

TRANSAMERICA CORPORATIONEIN 42-1484983Plan #003PY 2023

EMPLOYEE SERVICES, 6400 C ST SW - CEDAR RAPIDS, IA 52499319-355-8737

Other plans on this EIN

2 filings

#002Retirement-$2.32B assets #402Retirement--

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed July 6, 2007 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$2425.6M

+14.6% from 2022

Total participants

14,454

-0.1% from 2022

Average account balance

$171,203

+15.5% from 2022

Annual return

18.49%

+32.67 pp from 2022

Benchmarks

See 94 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort94 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$2.72B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$196K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

13,910

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$110.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.10%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

See the 9-year trajectory. $4.99 for your first month.

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
BRINKER CAPITAL2 years Filed as: BRINKER CAPITAL INVESTMENTS, LLC Service code 33 · EIN 32-0070947	Securities brokerage; Securities brok...	$15,404
VALUE WEALTH MANAGEMENT LLC2 years Filed as: VALUE WEALTH MANAGEMENT, LLC Service code 33 · EIN 20-8152542	Securities brokerage commissions and ...	$11,454
JOSEPH P LUCIA & ASSOCIATES LLC2 years Filed as: JOSEPH P LUCIA & ASSOCIATES, LLC Service code 33 · EIN 26-2909413	Securities brokerage; Securities brok...	$8,245
CHARLES SCHWAB & CO., INC.8+ years Service code 33 · EIN 94-1737782	Securities brokerage; Securities brok...	$7,607
SIGNATURE ESTATE & INVESTMENT4 years Service code 33 · EIN 95-4806910	Securities brokerage; Securities brok...	$6,233
KONDRACKI ADVISORY LLC2 years Filed as: KONDRACKI ADVISORY, LLC Service code 33 · EIN 46-1169472	Securities brokerage commissions and ...	$5,395

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3H3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$16K

$2 / participant

Recordkeeping$16K100.0%

% of EOY assets

0.001%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$171,203

$129,756+31.9%

$169,993+0.7%

$103,482+65.4%

Participation rate

96.3%

91.3%+5.0pp

87.0%+9.3pp

73.3%+23.0pp

Annual return

18.49%

20.17%-1.7pp

53.37%-34.9pp

33.11%-14.6pp

Employer contribution / active EE

$3,879

$5,236-25.9%

$6,785-42.8%

$3,208+20.9%

Participant deferral / active EE

$9,256

$8,283+11.7%

$10,408-11.1%

$5,207+77.7%

Admin fee / account holder

$73-98.5%

$12,815-100.0%

$114-99.0%

Provider

Service type

Compensation

BRINKER CAPITAL2 years

Filed as: BRINKER CAPITAL INVESTMENTS, LLC

Service code 33 · EIN 32-0070947

Securities brokerage; Securities brok...

$15,404

VALUE WEALTH MANAGEMENT LLC2 years

Filed as: VALUE WEALTH MANAGEMENT, LLC

Service code 33 · EIN 20-8152542

Securities brokerage commissions and ...

$11,454

JOSEPH P LUCIA & ASSOCIATES LLC2 years

Filed as: JOSEPH P LUCIA & ASSOCIATES, LLC

Service code 33 · EIN 26-2909413

Securities brokerage; Securities brok...

$8,245

CHARLES SCHWAB & CO., INC.8+ years

Service code 33 · EIN 94-1737782

Securities brokerage; Securities brok...

$7,607

SIGNATURE ESTATE & INVESTMENT4 years

Service code 33 · EIN 95-4806910

Securities brokerage; Securities brok...

$6,233

KONDRACKI ADVISORY LLC2 years

Filed as: KONDRACKI ADVISORY, LLC

Service code 33 · EIN 46-1169472

Securities brokerage commissions and ...

$5,395

TRANSAMERICA 401(K) RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRANSAMERICA 401(K) RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion