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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $77,705 |
Service code 10 · EIN 43-1533894 | Accounting | $6,500 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $3,431 | $47,456-92.8% | $172,752-98.0% | $77,775-95.6% |
| Participation rate | 41.0% | 66.3%-25.2pp | 82.6%-41.6pp | 73.2%-32.2pp |
| Annual return | 20.59% | 35.57%-15.0pp | 802.97%-782.4pp | 32.58%-12.0pp |
| Employer contribution / active EE | $0 | $1,574-100.0% | $5,144-100.0% | $2,504-100.0% |
| Participant deferral / active EE | $315 | $2,560-87.7% | $5,198-93.9% | $3,966-92.1% |
| Admin fee / account holder | $33 | $81-59.4% | $13,955-99.8% | $100-67.2% |