Filed July 30, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INS Service code 15 · EIN 36-6071399 | Recordkeeping | $13,322 |
Participant contribution per participant 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 | $32,867 | $89,739-63.4% | $149,721-78.0% | $62,293-47.2% |
| Participation rate | 93.9% | 85.1%+8.8pp | 87.1%+6.8pp | 69.5%+24.4pp |
| Annual return | 17.15% | 21.01%-3.9pp | 1501.67%-1484.5pp | 28.90%-11.8pp |
| Employer contribution / active EE | $1,887 | $3,233-41.6% | $5,444-65.3% | $2,042-7.6% |
| Participant deferral / active EE | $2,104 | $4,797-56.1% | $6,568-68.0% | $3,169-33.6% |
| Admin fee / account holder | $57 | $551-89.6% | $11,282-99.5% | $479-88.1% |