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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $27,096 |
WEB401K.COM, INC.2 years Service code 15 · EIN 23-2295481 | Recordkeeping | $6,394 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $77,560 | $29,369+164.1% | $77,513+0.1% | $73,412+5.7% |
| Participation rate | 21.8% | 37.9%-16.1pp | 54.2%-32.4pp | 72.2%-50.4pp |
| Annual return | 12.71% | 358.15%-345.4pp | 54.81%-42.1pp | 59.30%-46.6pp |
| Employer contribution / active EE | $307 | $406-24.3% | $987-68.9% | $2,234-86.3% |
| Participant deferral / active EE | $755 | $941-19.8% | $1,861-59.4% | $3,806-80.2% |
| Admin fee / account holder | $472 | $123+284.4% | $2,859-83.5% | $158+198.7% |