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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $11,433 |
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 | $45,580 | $72,273-36.9% | $101,275-55.0% | $79,856-42.9% |
| Participation rate | 41.7% | 68.5%-26.8pp | 75.8%-34.1pp | 69.6%-28.0pp |
| Annual return | 11.34% | 22.30%-11.0pp | 46.48%-35.1pp | 31.71%-20.4pp |
| Employer contribution / active EE | $1,388 | $2,691-48.4% | $3,660-62.1% | $2,471-43.9% |
| Participant deferral / active EE | $1,982 | $3,282-39.6% | $4,371-54.7% | $3,741-47.0% |
| Admin fee / account holder | $223 | $4,401-94.9% | $5,948-96.2% | $5,306-95.8% |