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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $6,193 |
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).
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 | $42,581 | $61,214-30.4% | $83,327-48.9% | $56,289-24.4% |
| Participation rate | 59.7% | 72.6%-12.9pp | 77.8%-18.1pp | 69.9%-10.2pp |
| Annual return | -6.51% | 0.42%-6.9pp | 10.64%-17.2pp | -9.96%+3.4pp |
| Employer contribution / active EE | $169 | $1,925-91.2% | $3,379-95.0% | $2,111-92.0% |
| Participant deferral / active EE | $2,635 | $5,091-48.2% | $5,565-52.7% | $3,350-21.3% |
| Admin fee / account holder | $69 | $512-86.5% | $7,540-99.1% | $521-86.8% |