Filed May 4, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FIN. LIFE INS. Service code 15 · EIN 36-6071399 | Recordkeeping | $124,752 |
Service code 15 · EIN 59-2438373 | Recordkeeping | $195 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,315 | $53,165-35.5% | $86,209-60.2% | $74,440-53.9% |
| Participation rate | 71.6% | 64.9%+6.8pp | 69.0%+2.7pp | 70.7%+0.9pp |
| Annual return | 38.13% | 22.64%+15.5pp | 1169.05%-1130.9pp | 34.37%+3.8pp |
| Employer contribution / active EE | $1,614 | $1,210+33.4% | $2,381-32.2% | $2,638-38.8% |
| Participant deferral / active EE | $3,166 | $3,234-2.1% | $3,986-20.6% | $4,529-30.1% |
| Admin fee / account holder | $207 | $551-62.5% | $6,853-97.0% | $348-40.5% |