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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $15,410 |
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.
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 | $68,807 | $57,108+20.5% | $94,229-27.0% | $52,331+31.5% |
| Participation rate | 37.0% | 72.9%-35.9pp | 78.8%-41.8pp | 68.1%-31.1pp |
| Annual return | -0.54% | 1.47%-2.0pp | 10.68%-11.2pp | 4.54%-5.1pp |
| Employer contribution / active EE | $0 | $1,735-100.0% | $3,587-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $2,588 | $3,040-14.9% | $4,320-40.1% | $3,022-14.4% |
| Admin fee / account holder | $188 | $546-65.6% | $6,269-97.0% | $592-68.2% |