Filed January 16, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399 | Recordkeeping | $23,028 |
TAG RESOURCES, LLC2 years Service code 15 · EIN 62-1874769 | Recordkeeping | $8,728 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $38,068 | $23,224+63.9% | $71,086-46.4% | $55,725-31.7% |
| Participation rate | 15.3% | 37.9%-22.6pp | 54.7%-39.3pp | 70.9%-55.5pp |
| Annual return | -7.33% | -2.87%-4.5pp | 650.59%-657.9pp | 244.93%-252.3pp |
| Employer contribution / active EE | $75 | $436-82.8% | $1,088-93.1% | $2,078-96.4% |
| Participant deferral / active EE | $392 | $929-57.8% | $1,874-79.1% | $3,356-88.3% |
| Admin fee / account holder | $305 | $118+158.9% | $3,082-90.1% | $115+165.1% |