Filed February 10, 2022
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| Provider | Service type | Compensation |
|---|---|---|
QBI, LLC1+ years Service code 15 · EIN 26-2768667 | Recordkeeping | $3,841 |
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $1,533 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.
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 | $1,836 | $35,485-94.8% | $74,551-97.5% | $55,725-96.7% |
| Participation rate | 52.8% | 62.5%-9.8pp | 69.1%-16.4pp | 70.9%-18.1pp |
| Annual return | 0.00% | 0.72%-0.7pp | 32.53%-32.5pp | 244.93%-244.9pp |
| Employer contribution / active EE | $297 | $777-61.8% | $1,961-84.9% | $2,078-85.7% |
| Participant deferral / active EE | $781 | $2,181-64.2% | $3,108-74.9% | $3,356-76.7% |
| Admin fee / account holder | $13 | $114-88.3% | $5,059-99.7% | $115-88.4% |