Filed March 17, 2015
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| Provider | Service type | Compensation |
|---|---|---|
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Service code 12 · EIN 13-3689044 | Sales loads (front end and deferred);... | $52,095 |
Filed as: MERRILL LYNCH Service code 28 · EIN 13-5674085 | Investment Management | $33,891 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $35,668 | $36,002-0.9% | $161,489-77.9% | $64,728-44.9% |
| Participation rate | 54.5% | 57.4%-2.9pp | 78.7%-24.2pp | 57.9%-3.4pp |
| Annual return | 8.76% | 33.93%-25.2pp | 89.72%-81.0pp | 49.38%-40.6pp |
| Employer contribution / active EE | $2,947 | $1,380+113.6% | $4,268-31.0% | $2,243+31.4% |
| Participant deferral / active EE | $1,921 | $1,815+5.8% | $5,630-65.9% | $2,729-29.6% |
| Admin fee / account holder | $202 | $931-78.3% | $16,006-98.7% | $1,145-82.4% |