Filed May 26, 2015 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA RETIREMENT SOLUTIONS C Service code 15 · EIN 13-3689044 | Recordkeeping | $21,486 |
GLOBAL RETIREMENT PARTNERS LLC1+ years Filed as: GLOBAL RETIREMENT PARTNERS Service code 27 · EIN 47-1411118 | Advisory (Plan) | $13,909 |
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.)
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 | $57,129 | $50,385+13.4% | $75,501-24.3% | $62,293-8.3% |
| Participation rate | 57.0% | 67.7%-10.7pp | 72.4%-15.3pp | 69.5%-12.5pp |
| Annual return | 19.28% | 19.90%-0.6pp | 27.35%-8.1pp | 28.90%-9.6pp |
| Employer contribution / active EE | $1,365 | $1,537-11.2% | $2,352-41.9% | $2,042-33.1% |
| Participant deferral / active EE | $4,217 | $2,445+72.5% | $3,142+34.2% | $3,169+33.1% |
| Admin fee / account holder | $305 | $384-20.6% | $5,801-94.7% | $479-36.3% |