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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $22,844 |
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.
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 | $50,605 | $65,453-22.7% | $86,698-41.6% | $66,938-24.4% |
| Participation rate | 54.4% | 75.5%-21.1pp | 76.6%-22.2pp | 69.8%-15.4pp |
| Annual return | -17.01% | -10.89%-6.1pp | 35.95%-53.0pp | 1.58%-18.6pp |
| Employer contribution / active EE | $1,117 | $2,154-48.1% | $2,837-60.6% | $2,545-56.1% |
| Participant deferral / active EE | $1,782 | $4,102-56.6% | $4,656-61.7% | $4,238-58.0% |
| Admin fee / account holder | $272 | $642-57.6% | $7,493-96.4% | $594-54.2% |