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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $5,820 |
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.
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 | $20,431 | $55,453-63.2% | $170,436-88.0% | $62,293-67.2% |
| Participation rate | 29.8% | 66.4%-36.6pp | 83.6%-53.8pp | 69.5%-39.8pp |
| Annual return | 15.25% | 21.38%-6.1pp | 205.94%-190.7pp | 28.90%-13.6pp |
| Employer contribution / active EE | $398 | $2,164-81.6% | $5,433-92.7% | $2,042-80.5% |
| Participant deferral / active EE | $672 | $2,303-70.8% | $4,939-86.4% | $3,169-78.8% |
| Admin fee / account holder | $135 | $455-70.4% | $13,880-99.0% | $479-71.9% |