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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $13,541 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $56,777 | $78,672-27.8% | $109,143-48.0% | $85,850-33.9% |
| Participation rate | 35.2% | 68.3%-33.1pp | 75.9%-40.7pp | 69.3%-34.1pp |
| Annual return | 9.99% | 25.09%-15.1pp | 25.75%-15.8pp | 318.53%-308.5pp |
| Employer contribution / active EE | $1,147 | $2,735-58.1% | $3,722-69.2% | $2,565-55.3% |
| Participant deferral / active EE | $1,687 | $3,467-51.4% | $4,653-63.8% | $3,952-57.3% |
| Admin fee / account holder | $294 | $5,469-94.6% | $6,752-95.6% | $6,260-95.3% |