Filed December 22, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $8,569 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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 | $9,939 | $30,599-67.5% | $74,577-86.7% | $57,658-82.8% |
| Participation rate | 46.9% | 49.1%-2.2pp | 68.1%-21.2pp | 70.2%-23.3pp |
| Annual return | 5.67% | 14.24%-8.6pp | 20.47%-14.8pp | 5.13%+0.5pp |
| Employer contribution / active EE | $406 | $1,000-59.4% | $2,525-83.9% | $1,974-79.4% |
| Participant deferral / active EE | $626 | $1,805-65.3% | $3,458-81.9% | $3,061-79.6% |
| Admin fee / account holder | $62 | $98-37.0% | $4,138-98.5% | $95-34.7% |