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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $15,506 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $31,259 | $89,652-65.1% | $141,177-77.9% | $65,185-52.0% |
| Participation rate | 35.2% | 74.7%-39.5pp | 82.5%-47.3pp | 70.2%-35.0pp |
| Annual return | 21.99% | 32.79%-10.8pp | 71.40%-49.4pp | 29.38%-7.4pp |
| Employer contribution / active EE | $0 | $3,065-100.0% | $4,736-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $3,548 | $5,691-37.7% | $6,710-47.1% | $3,514+1.0% |
| Admin fee / account holder | $86 | $569-84.9% | $10,263-99.2% | $847-89.9% |