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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399 | Recordkeeping | $26,641 |
Service code 15 · EIN 59-2438373 | Recordkeeping | $8,295 |
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.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $44,422 | $85,135-47.8% | $98,920-55.1% | $73,412-39.5% |
| Participation rate | 37.9% | 81.1%-43.3pp | 76.0%-38.2pp | 72.2%-34.3pp |
| Annual return | 11.63% | 19.14%-7.5pp | 196.47%-184.8pp | 59.30%-47.7pp |
| Employer contribution / active EE | $753 | $2,721-72.3% | $2,689-72.0% | $2,234-66.3% |
| Participant deferral / active EE | $1,327 | $4,349-69.5% | $4,245-68.7% | $3,806-65.1% |
| Admin fee / account holder | $296 | $139+112.9% | $6,643-95.5% | $158+87.8% |