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 | $46,464-23.2% | $150,298-76.3% | $79,634-55.2% |
| Participation rate | 54.5% | 57.0%-2.4pp | 77.8%-23.2pp | 62.5%-8.0pp |
| Annual return | 8.76% | 27.89%-19.1pp | 62.79%-54.0pp | 36.46%-27.7pp |
| Employer contribution / active EE | $2,947 | $1,512+95.0% | $4,154-29.1% | $2,529+16.5% |
| Participant deferral / active EE | $1,921 | $2,157-10.9% | $5,453-64.8% | $3,835-49.9% |
| Admin fee / account holder | $202 | $891-77.3% | $14,116-98.6% | $1,002-79.9% |