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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $27,699 |
Service code 15 · EIN 81-3989034 | Recordkeeping | $675 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $30,307 | $49,471-38.7% | $79,583-61.9% | $66,949-54.7% |
| Participation rate | 63.4% | 61.4%+2.0pp | 69.5%-6.1pp | 69.8%-6.4pp |
| Annual return | -21.38% | 84.30%-105.7pp | 0.16%-21.5pp | 1.57%-22.9pp |
| Employer contribution / active EE | $1,976 | $1,266+56.1% | $2,414-18.1% | $2,545-22.4% |
| Participant deferral / active EE | $3,021 | $3,160-4.4% | $3,986-24.2% | $4,239-28.7% |
| Admin fee / account holder | $345 | $595-42.0% | $6,835-95.0% | $594-41.9% |