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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399 | Recordkeeping | $6,745 |
Filed as: MERRILL LYNCH LIFE AGENCY, INC. Service code 27 · EIN 13-2808480 | Advisory (Plan) | $4,676 |
ALLIANCE BENEFIT GROUP3 years Filed as: ALLIANCE BENEFIT GROUP OF HOUSTON Service code 15 · EIN 76-0500416 | Recordkeeping | $100 |
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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $19,197 | $35,986-46.7% | $77,552-75.2% | $73,497-73.9% |
| Participation rate | 16.0% | 40.8%-24.9pp | 54.2%-38.2pp | 70.7%-54.7pp |
| Annual return | 18.80% | 19.26%-0.5pp | 54.82%-36.0pp | 28.51%-9.7pp |
| Employer contribution / active EE | $179 | $557-67.9% | $987-81.9% | $2,270-92.1% |
| Participant deferral / active EE | $595 | $1,198-50.4% | $1,861-68.1% | $3,740-84.1% |
| Admin fee / account holder | $180 | $466-61.4% | $2,859-93.7% | $513-64.9% |