Filed May 27, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $9,057 |
PENSION ASSURANCE LLP1 year Filed as: THE PENSION STUDIO Service code 15 · EIN 54-2154380 | Recordkeeping | $1,120 |
Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 36-3194849 | Advisory (Plan) | $326 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $28,399 | $44,873-36.7% | $79,466-64.3% | $56,287-49.5% |
| Participation rate | 65.0% | 68.7%-3.7pp | 73.3%-8.3pp | 69.9%-4.9pp |
| Annual return | -3.81% | 0.81%-4.6pp | 718.28%-722.1pp | -9.96%+6.2pp |
| Employer contribution / active EE | $1,528 | $2,140-28.6% | $2,800-45.4% | $2,111-27.6% |
| Participant deferral / active EE | $2,270 | $2,746-17.3% | $3,704-38.7% | $3,350-32.2% |
| Admin fee / account holder | $119 | $418-71.5% | $5,104-97.7% | $521-77.1% |