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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE Service code 15 · EIN 36-6071699 | Recordkeeping | $6,282 |
Service code 15 · EIN 62-1874769 | Recordkeeping | $4,968 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,789 | $49,471-78.2% | $79,583-86.4% | $66,949-83.9% |
| Participation rate | 29.6% | 61.4%-31.8pp | 69.5%-39.9pp | 69.8%-40.2pp |
| Annual return | 8.53% | 84.30%-75.8pp | 0.16%+8.4pp | 1.57%+7.0pp |
| Employer contribution / active EE | $18 | $1,266-98.5% | $2,414-99.2% | $2,545-99.3% |
| Participant deferral / active EE | $2,286 | $3,160-27.7% | $3,986-42.6% | $4,239-46.1% |
| Admin fee / account holder | $125 | $595-79.0% | $6,835-98.2% | $594-78.9% |