Filed December 11, 2018
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399 | Recordkeeping | $12,991 |
ASSOCIATED PENSION CONSULTANTS2+ years Filed as: ASSOCIATED PENSION CONSULTANTS, INC Service code 15 · EIN 11-3271022 6800 JERICHO TURNPIKE · SYOSSET, NE 11791 | Recordkeeping | $280 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $67,702 | $42,772+58.3% | $87,502-22.6% | $55,167+22.7% |
| Participation rate | 33.2% | 66.5%-33.3pp | 73.8%-40.7pp | 69.0%-35.8pp |
| Annual return | 6.55% | 21.20%-14.7pp | 12.21%-5.7pp | 169.23%-162.7pp |
| Employer contribution / active EE | $0 | $1,277-100.0% | $2,550-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $3,313 | $2,342+41.4% | $3,149+5.2% | $3,054+8.5% |
| Admin fee / account holder | $134 | $461-71.0% | $4,221-96.8% | $504-73.5% |