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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399 | Recordkeeping | $12,019 |
Service code 15 · EIN 62-1874769 | Recordkeeping | $9,332 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,975 | $86,692-72.3% | $119,634-80.0% | $66,949-64.2% |
| Participation rate | 50.4% | 75.6%-25.2pp | 79.3%-28.9pp | 69.8%-19.4pp |
| Annual return | -15.07% | -8.00%-7.1pp | -14.98%-0.1pp | 1.57%-16.6pp |
| Employer contribution / active EE | $0 | $2,536-100.0% | $4,232-100.0% | $2,545-100.0% |
| Participant deferral / active EE | $1,332 | $4,360-69.4% | $5,601-76.2% | $4,239-68.6% |
| Admin fee / account holder | $260 | $755-65.5% | $10,329-97.5% | $594-56.1% |