Filed June 29, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $14,306 |
TAG RESOURCES, LLC1+ years Service code 14 · EIN 62-1874769 | Plan Administrator | $3,750 |
Annual investment return 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.
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 | $6,959 | $54,320-87.2% | $67,653-89.7% | $52,331-86.7% |
| Participation rate | 75.7% | 73.6%+2.1pp | 75.7%0pp | 68.1%+7.6pp |
| Annual return | -6.50% | 6.81%-13.3pp | 6625.22%-6631.7pp | 4.54%-11.0pp |
| Employer contribution / active EE | $955 | $1,544-38.1% | $2,266-57.8% | $1,882-49.2% |
| Participant deferral / active EE | $1,870 | $2,950-36.6% | $3,560-47.5% | $3,022-38.1% |
| Admin fee / account holder | $124 | $527-76.5% | $4,821-97.4% | $592-79.1% |