Filed March 17, 2015
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| Provider | Service type | Compensation |
|---|---|---|
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Service code 12 · EIN 13-3689044 | Finders' fees / placement fees; Inves... | $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 | $38,165-6.5% | $189,758-81.2% | $69,255-48.5% |
| Participation rate | 54.5% | 66.7%-12.2pp | 79.8%-25.3pp | 69.0%-14.5pp |
| Annual return | 8.76% | 14.65%-5.9pp | 52.62%-43.9pp | 26.73%-18.0pp |
| Employer contribution / active EE | $2,947 | $1,589+85.5% | $4,767-38.2% | $2,645+11.4% |
| Participant deferral / active EE | $1,921 | $2,073-7.3% | $5,856-67.2% | $2,890-33.6% |
| Admin fee / account holder | $202 | $714-71.7% | $20,388-99.0% | $733-72.5% |