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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399 | Recordkeeping | $4,932 |
COULTER & JUSTUS1 year Service code 10 · EIN 62-1532536 | Accounting | $4,500 |
TAG RESOURCES, LLC2 years Service code 15 · EIN 62-1874769 | Recordkeeping | $3,281 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $10,899 | $47,922-77.3% | $75,900-85.6% | $65,186-83.3% |
| Participation rate | 39.3% | 63.0%-23.7pp | 69.3%-30.0pp | 70.2%-30.9pp |
| Annual return | 18.06% | 24.12%-6.1pp | 30.73%-12.7pp | 29.39%-11.3pp |
| Employer contribution / active EE | $188 | $1,557-87.9% | $2,501-92.5% | $2,177-91.4% |
| Participant deferral / active EE | $1,253 | $2,550-50.9% | $3,604-65.2% | $3,514-64.4% |
| Admin fee / account holder | $163 | $532-69.3% | $5,421-97.0% | $847-80.8% |