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 | $56,324 |
Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC Service code 27 · EIN 61-1732930 | Advisory (Plan) | $8,088 |
Service code 22 · EIN 59-2845944 | Insurance Broker | $6,838 |
ASSOCIATED PENSION CONSULTANTS5+ years Filed as: ASSOCIATED PENSION CONSULTANTS, INC Service code 15 · EIN 11-3271022 111 EXPRESS STREET · PLAINVIEW, NE 11803 | Recordkeeping | $560 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $77,197 | $50,175+53.9% | $99,475-22.4% | $65,185+18.4% |
| Participation rate | 46.6% | 68.4%-21.9pp | 73.8%-27.3pp | 70.2%-23.6pp |
| Annual return | 25.44% | 25.36%+0.1pp | 30.72%-5.3pp | 29.38%-3.9pp |
| Employer contribution / active EE | $2,117 | $1,496+41.5% | $2,540-16.7% | $2,177-2.7% |
| Participant deferral / active EE | $4,750 | $2,748+72.9% | $3,619+31.3% | $3,514+35.2% |
| Admin fee / account holder | $387 | $398-2.8% | $6,252-93.8% | $847-54.4% |