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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $6,372 |
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).
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 | $27,898 | $48,313-42.3% | $73,309-61.9% | $52,331-46.7% |
| Participation rate | 59.3% | 68.6%-9.3pp | 74.9%-15.6pp | 68.1%-8.8pp |
| Annual return | -0.43% | 3.85%-4.3pp | 5.67%-6.1pp | 4.54%-5.0pp |
| Employer contribution / active EE | $216 | $1,661-87.0% | $3,237-93.3% | $1,882-88.5% |
| Participant deferral / active EE | $2,177 | $4,189-48.0% | $4,991-56.4% | $3,022-28.0% |
| Admin fee / account holder | $54 | $404-86.6% | $5,635-99.0% | $592-90.9% |