Filed February 4, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $10,306 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $48,524 | $41,377+17.3% | $109,313-55.6% | $62,881-22.8% |
| Participation rate | 69.5% | 57.5%+12.0pp | 71.3%-1.8pp | 69.3%+0.2pp |
| Annual return | 7.89% | 11.05%-3.2pp | 22.07%-14.2pp | 20.14%-12.3pp |
| Employer contribution / active EE | $1,385 | $1,276+8.6% | $3,892-64.4% | $2,281-39.3% |
| Participant deferral / active EE | $2,730 | $2,045+33.5% | $3,166-13.8% | $3,203-14.8% |
| Admin fee / account holder | $135 | $2,884-95.3% | $5,666-97.6% | $4,296-96.8% |