Filed September 21, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399 | Recordkeeping | $31,510 |
Filed as: MERRILL LYNCH Service code 27 · EIN 13-2808480 | Advisory (Plan) | $6,498 |
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 | $68,440 | $43,133+58.7% | $89,414-23.5% | $73,493-6.9% |
| Participation rate | 70.0% | 55.0%+15.0pp | 68.0%+2.0pp | 70.7%-0.7pp |
| Annual return | 12.77% | 135.66%-122.9pp | 245.50%-232.7pp | 28.51%-15.7pp |
| Employer contribution / active EE | $2,774 | $1,438+92.9% | $2,586+7.3% | $2,270+22.2% |
| Participant deferral / active EE | $2,498 | $2,445+2.2% | $3,890-35.8% | $3,740-33.2% |
| Admin fee / account holder | $384 | $444-13.5% | $4,883-92.1% | $513-25.2% |