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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $6,991 |
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 | $24,025 | $52,967-54.6% | $172,753-86.1% | $65,186-63.1% |
| Participation rate | 7.2% | 66.2%-59.0pp | 82.6%-75.4pp | 70.2%-63.0pp |
| Annual return | 20.00% | 30.12%-10.1pp | 803.00%-783.0pp | 29.39%-9.4pp |
| Employer contribution / active EE | $0 | $2,190-100.0% | $5,144-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $632 | $2,471-74.4% | $5,198-87.8% | $3,514-82.0% |
| Admin fee / account holder | $233 | $472-50.6% | $13,956-98.3% | $847-72.5% |