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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399 4333 EDGEWOOD RD. NE · CEDAR RAPIDS, IA 52499 | Recordkeeping | $5,347 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $27,124 | $28,416-4.5% | $73,550-63.1% | $69,631-61.0% |
| Participation rate | 19.4% | 38.3%-19.0pp | 54.9%-35.5pp | 70.7%-51.3pp |
| Annual return | 15.52% | -694.13%+709.7pp | -15.16%+30.7pp | 27571.02%-27555.5pp |
| Employer contribution / active EE | $303 | $430-29.6% | $1,219-75.2% | $2,032-85.1% |
| Participant deferral / active EE | $903 | $897+0.6% | $1,804-50.0% | $3,224-72.0% |
| Admin fee / account holder | $66 | $104-36.6% | $2,320-97.1% | $110-40.1% |