Filed April 22, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INS CO. Service code 15 · EIN 36-6071399 | Recordkeeping | $13,957 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,331 | $43,550-23.5% | $63,517-47.5% | $52,331-36.3% |
| Participation rate | 37.7% | 65.7%-28.0pp | 71.0%-33.4pp | 68.1%-30.4pp |
| Annual return | -2.08% | 2.03%-4.1pp | -70.30%+68.2pp | 4.54%-6.6pp |
| Employer contribution / active EE | $863 | $1,351-36.1% | $2,322-62.8% | $1,882-54.1% |
| Participant deferral / active EE | $1,631 | $2,254-27.6% | $2,953-44.8% | $3,022-46.0% |
| Admin fee / account holder | $149 | $387-61.4% | $5,892-97.5% | $592-74.7% |