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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $9,336 |
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).
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 | $18,120 | $47,944-62.2% | $67,834-73.3% | $62,881-71.2% |
| Participation rate | 37.4% | 61.1%-23.7pp | 68.8%-31.4pp | 69.3%-31.9pp |
| Annual return | 6.70% | 11.77%-5.1pp | 138.47%-131.8pp | 20.14%-13.4pp |
| Employer contribution / active EE | $0 | $1,562-100.0% | $2,403-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $1,377 | $2,247-38.7% | $3,160-56.4% | $3,203-57.0% |
| Admin fee / account holder | $146 | $3,712-96.1% | $4,622-96.8% | $4,296-96.6% |