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| Provider | Service type | Compensation |
|---|---|---|
THE BENEFIT ADVANTAGE, INC.4 years Service code 15 · EIN 38-3254950 3497 AUBURN ROAD · AUBURN HILLS, MI 48326 | Recordkeeping | $115,507 |
Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399 | Recordkeeping | $94,714 |
Filed as: GLOBAL RETIREMENT PARTNERS Service code 27 · EIN 47-1411118 | Advisory (Plan) | $9,727 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $12,290 | $53,565-77.1% | $172,752-92.9% | $82,204-85.0% |
| Participation rate | 19.9% | 69.6%-49.8pp | 82.6%-62.8pp | 73.4%-53.5pp |
| Annual return | 23.98% | 31.42%-7.4pp | 802.97%-779.0pp | 26.31%-2.3pp |
| Employer contribution / active EE | $71 | $1,857-96.1% | $5,144-98.6% | $2,707-97.4% |
| Participant deferral / active EE | $675 | $3,006-77.5% | $5,198-87.0% | $4,246-84.1% |
| Admin fee / account holder | $89 | $61+44.6% | $13,955-99.4% | $76+17.4% |