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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $43,355 |
SUNTRUST BANKS, INC.1 year Filed as: TRUIST ADVISORY SERVICES INC Service code 16 1001 SEMMES AVE. · RICHMOND, VA 23224 | Consulting | $22,642 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $43,900 | $101,672-56.8% | $147,117-70.2% | $74,478-41.1% |
| Participation rate | 63.0% | 75.5%-12.5pp | 82.2%-19.2pp | 67.2%-4.2pp |
| Annual return | 2.91% | 8757.83%-8754.9pp | 420.54%-417.6pp | 1370.56%-1367.6pp |
| Employer contribution / active EE | $2,691 | $3,813-29.4% | $4,932-45.4% | $2,626+2.5% |
| Participant deferral / active EE | $5,690 | $7,305-22.1% | $8,065-29.4% | $4,350+30.8% |
| Admin fee / account holder | $420 | $1,753-76.1% | $12,993-96.8% | $1,946-78.4% |