Filed January 31, 2024 (most recent of 7 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $3,155 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
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 | $20,856 | $87,834-76.3% | $133,975-84.4% | $62,881-66.8% |
| Participation rate | 54.0% | 83.4%-29.4pp | 87.1%-33.1pp | 69.3%-15.3pp |
| Annual return | 6.72% | 12.05%-5.3pp | 29.29%-22.6pp | 20.14%-13.4pp |
| Employer contribution / active EE | $0 | $3,482-100.0% | $5,211-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $0 | $4,812-100.0% | $6,282-100.0% | $3,203-100.0% |
| Admin fee / account holder | $40 | $5,372-99.3% | $9,324-99.6% | $4,296-99.1% |