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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $10,159 |
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).
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 | $30,898 | $57,352-46.1% | $83,831-63.1% | $64,173-51.9% |
| Participation rate | 42.6% | 68.6%-26.1pp | 76.1%-33.6pp | 69.6%-27.0pp |
| Annual return | -7.25% | 11.38%-18.6pp | 850.99%-858.2pp | 7.63%-14.9pp |
| Employer contribution / active EE | $1,251 | $2,546-50.8% | $3,631-65.5% | $2,381-47.4% |
| Participant deferral / active EE | $1,966 | $2,993-34.3% | $4,082-51.8% | $3,470-43.3% |
| Admin fee / account holder | $188 | $4,046-95.4% | $5,479-96.6% | $4,887-96.2% |