Filed September 21, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $37,409 |
LPL FINANCIAL1 year Service code 22 · EIN 95-2834236 | Insurance Broker | $0 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,915 | $69,305-77.0% | $82,313-80.7% | $69,631-77.1% |
| Participation rate | 94.1% | 80.3%+13.8pp | 76.9%+17.2pp | 70.7%+23.4pp |
| Annual return | 14.60% | 21.47%-6.9pp | 25.88%-11.3pp | 27571.02%-27556.4pp |
| Employer contribution / active EE | $0 | $1,887-100.0% | $2,428-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $3,604 | $3,568+1.0% | $3,706-2.8% | $3,224+11.8% |
| Admin fee / account holder | $95 | $97-1.8% | $5,608-98.3% | $110-13.6% |