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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399 | Recordkeeping | $10,358 |
TAG RESOURCES, LLC3 years Service code 15 · EIN 62-1874769 | Recordkeeping | $5,295 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,547 | $55,636-75.7% | $81,982-83.5% | $73,497-81.6% |
| Participation rate | 35.9% | 62.3%-26.4pp | 69.3%-33.4pp | 70.7%-34.8pp |
| Annual return | 14.06% | 19.07%-5.0pp | 41.31%-27.3pp | 28.51%-14.5pp |
| Employer contribution / active EE | $201 | $1,625-87.6% | $2,498-91.9% | $2,270-91.1% |
| Participant deferral / active EE | $1,343 | $2,762-51.4% | $3,722-63.9% | $3,740-64.1% |
| Admin fee / account holder | $214 | $493-56.5% | $5,665-96.2% | $513-58.2% |