Filed June 29, 2017 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $3,941 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $33,805 | $45,566-25.8% | $64,105-47.3% | $59,633-43.3% |
| Participation rate | 56.4% | 60.2%-3.8pp | 68.2%-11.8pp | 68.7%-12.3pp |
| Annual return | -2.72% | 4.95%-7.7pp | 791.24%-794.0pp | 2041.45%-2044.2pp |
| Employer contribution / active EE | $0 | $934-100.0% | $1,820-100.0% | $2,203-100.0% |
| Participant deferral / active EE | $2,577 | $2,057+25.3% | $2,822-8.7% | $3,192-19.3% |
| Admin fee / account holder | $43 | $3,268-98.7% | $4,499-99.0% | $4,297-99.0% |