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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 13 · EIN 36-6071399 | Contract Administrator | $13,348 |
Service code 15 · EIN 62-1874769 | Recordkeeping | $9,214 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $27,445 | $37,463-26.7% | $77,100-64.4% | $66,949-59.0% |
| Participation rate | 21.2% | 52.9%-31.7pp | 67.9%-46.7pp | 69.8%-48.6pp |
| Annual return | -16.46% | -3.25%-13.2pp | 42.35%-58.8pp | 1.57%-18.0pp |
| Employer contribution / active EE | $0 | $1,535-100.0% | $2,815-100.0% | $2,545-100.0% |
| Participant deferral / active EE | $2,566 | $2,621-2.1% | $4,430-42.1% | $4,239-39.5% |
| Admin fee / account holder | $269 | $568-52.7% | $5,443-95.1% | $594-54.7% |