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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $11,276 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $18,525 | $45,566-59.3% | $64,105-71.1% | $59,633-68.9% |
| Participation rate | 44.7% | 60.2%-15.5pp | 68.2%-23.5pp | 68.7%-24.0pp |
| Annual return | -2.50% | 4.95%-7.4pp | 791.24%-793.7pp | 2041.45%-2043.9pp |
| Employer contribution / active EE | $361 | $934-61.3% | $1,820-80.1% | $2,203-83.6% |
| Participant deferral / active EE | $2,350 | $2,057+14.3% | $2,822-16.7% | $3,192-26.4% |
| Admin fee / account holder | $123 | $3,268-96.2% | $4,499-97.3% | $4,297-97.1% |