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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $5,838 |
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).
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 | $35,295 | $59,535-40.7% | $90,161-60.9% | $62,293-43.3% |
| Participation rate | 54.3% | 73.0%-18.7pp | 76.9%-22.5pp | 69.5%-15.2pp |
| Annual return | 19.81% | 23.53%-3.7pp | 34.89%-15.1pp | 28.90%-9.1pp |
| Employer contribution / active EE | $224 | $1,826-87.8% | $3,318-93.3% | $2,042-89.1% |
| Participant deferral / active EE | $2,279 | $4,639-50.9% | $5,287-56.9% | $3,169-28.1% |
| Admin fee / account holder | $50 | $337-85.2% | $5,943-99.2% | $479-89.6% |