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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $11,485 |
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 | $41,631 | $65,367-36.3% | $92,915-55.2% | $72,976-43.0% |
| Participation rate | 42.7% | 68.3%-25.6pp | 76.0%-33.3pp | 69.5%-26.8pp |
| Annual return | 16.36% | 42.11%-25.7pp | 109.45%-93.1pp | 81.02%-64.7pp |
| Employer contribution / active EE | $1,244 | $2,594-52.0% | $3,653-66.0% | $2,440-49.0% |
| Participant deferral / active EE | $2,132 | $3,128-31.9% | $4,238-49.7% | $3,608-40.9% |
| Admin fee / account holder | $230 | $4,251-94.6% | $5,796-96.0% | $5,124-95.5% |