Filed August 28, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $118,207 |
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).
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 | $33,445 | $29,988+11.5% | $81,473-58.9% | $80,976-58.7% |
| Participation rate | 16.3% | 32.0%-15.7pp | 68.0%-51.7pp | 68.3%-52.0pp |
| Annual return | 18.11% | 51.73%-33.6pp | 38.78%-20.7pp | 22.91%-4.8pp |
| Employer contribution / active EE | $350 | $470-25.4% | $2,568-86.4% | $2,402-85.4% |
| Participant deferral / active EE | $845 | $1,209-30.1% | $3,537-76.1% | $3,848-78.0% |
| Admin fee / account holder | $41 | $63-34.4% | $4,561-99.1% | $67-38.9% |