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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399 | Recordkeeping | $63,957 |
Filed as: MERRILL LYNCH LIFE AGENCY, INC. Service code 16 · EIN 13-2808480 | Consulting | $19,304 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,728 | $60,607-74.0% | $189,575-91.7% | $86,821-81.9% |
| Participation rate | 41.0% | 68.9%-27.9pp | 78.4%-37.4pp | 72.3%-31.3pp |
| Annual return | 16.77% | 65.18%-48.4pp | 64.19%-47.4pp | 97.94%-81.2pp |
| Employer contribution / active EE | $540 | $1,626-66.8% | $4,412-87.8% | $2,406-77.5% |
| Participant deferral / active EE | $1,500 | $3,895-61.5% | $6,174-75.7% | $4,132-63.7% |
| Admin fee / account holder | $164 | $159+3.2% | $9,806-98.3% | $170-3.3% |