Filed January 31, 2024 (most recent of 7 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $3,663 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $46,782 | $100,041-53.2% | $149,718-68.8% | $70,131-33.3% |
| Participation rate | 47.6% | 83.6%-36.0pp | 87.1%-39.5pp | 69.5%-21.9pp |
| Annual return | 14.56% | 27.43%-12.9pp | 1501.70%-1487.1pp | 73.14%-58.6pp |
| Employer contribution / active EE | $2 | $3,662-100.0% | $5,444-100.0% | $2,342-99.9% |
| Participant deferral / active EE | $0 | $4,983-100.0% | $6,568-100.0% | $3,332-100.0% |
| Admin fee / account holder | $96 | $8,286-98.8% | $11,283-99.1% | $4,645-97.9% |