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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $18,737 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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).
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 | $47,997 | $54,320-11.6% | $67,652-29.1% | $52,331-8.3% |
| Participation rate | 60.0% | 73.6%-13.6pp | 75.7%-15.7pp | 68.1%-8.1pp |
| Annual return | -0.04% | 6.81%-6.8pp | 6625.40%-6625.4pp | 4.54%-4.6pp |
| Employer contribution / active EE | $303 | $1,544-80.4% | $2,266-86.6% | $1,882-83.9% |
| Participant deferral / active EE | $2,835 | $2,950-3.9% | $3,560-20.4% | $3,022-6.2% |
| Admin fee / account holder | $177 | $527-66.4% | $4,821-96.3% | $592-70.1% |