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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399 | Recordkeeping | $44,206 |
Service code 15 · EIN 59-2438373 | Recordkeeping | $6,531 |
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).
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 | $31,515 | $70,917-55.6% | $98,920-68.1% | $73,497-57.1% |
| Participation rate | 82.2% | 73.8%+8.4pp | 76.0%+6.2pp | 70.7%+11.6pp |
| Annual return | 18.59% | 34.18%-15.6pp | 196.47%-177.9pp | 28.51%-9.9pp |
| Employer contribution / active EE | $489 | $2,037-76.0% | $2,689-81.8% | $2,270-78.5% |
| Participant deferral / active EE | $2,982 | $3,501-14.8% | $4,245-29.8% | $3,740-20.3% |
| Admin fee / account holder | $355 | $535-33.7% | $6,643-94.7% | $513-30.8% |