Filed February 10, 2022
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| Provider | Service type | Compensation |
|---|---|---|
QBI, LLC2+ years Service code 15 · EIN 26-2768667 | Recordkeeping | $15,228 |
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $5,798 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $5,193 | $40,174-87.1% | $84,023-93.8% | $67,582-92.3% |
| Participation rate | 46.6% | 62.7%-16.1pp | 69.0%-22.5pp | 71.3%-24.7pp |
| Annual return | 47.30% | 25.82%+21.5pp | 71.32%-24.0pp | 378.57%-331.3pp |
| Employer contribution / active EE | $384 | $808-52.4% | $1,984-80.6% | $2,148-82.1% |
| Participant deferral / active EE | $1,028 | $2,301-55.3% | $3,239-68.3% | $3,539-71.0% |
| Admin fee / account holder | $53 | $128-58.7% | $6,102-99.1% | $142-62.8% |