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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE CO Service code 15 · EIN 36-6071399 | Recordkeeping | $25,732 |
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.)
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).
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 | $28,310 | $58,895-51.9% | $178,503-84.1% | $73,497-61.5% |
| Participation rate | 47.3% | 66.2%-18.9pp | 81.9%-34.6pp | 70.7%-23.4pp |
| Annual return | 16.19% | 24.86%-8.7pp | 151.12%-134.9pp | 28.51%-12.3pp |
| Employer contribution / active EE | $449 | $2,236-79.9% | $5,011-91.0% | $2,270-80.2% |
| Participant deferral / active EE | $1,283 | $2,567-50.0% | $5,202-75.3% | $3,740-65.7% |
| Admin fee / account holder | $336 | $400-16.2% | $13,987-97.6% | $513-34.6% |