Filed June 29, 2023
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
TAG RESOURCES, LLC2+ years Service code 14 · EIN 62-1874769 | Plan Administrator | $14,117 |
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $9,987 | $60,165-83.4% | $74,184-86.5% | $55,167-81.9% |
| Participation rate | 59.7% | 74.2%-14.4pp | 76.6%-16.9pp | 69.0%-9.2pp |
| Annual return | 5.28% | 10.00%-4.7pp | 17.74%-12.5pp | 169.23%-164.0pp |
| Employer contribution / active EE | $753 | $1,600-52.9% | $2,370-68.2% | $1,963-61.6% |
| Participant deferral / active EE | $1,430 | $2,973-51.9% | $3,550-59.7% | $3,054-53.2% |
| Admin fee / account holder | $104 | $419-75.3% | $5,586-98.1% | $504-79.4% |