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| Provider | Service type | Compensation |
|---|---|---|
ERISA SERVICES, INC.2 years Service code 15 · EIN 62-1200951 | Recordkeeping | $10,515 |
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $9,254 |
Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 36-3194849 | Advisory (Plan) | $152 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $4,545 | $73,102-93.8% | $123,553-96.3% | $56,289-91.9% |
| Participation rate | 17.5% | 74.3%-56.8pp | 82.3%-64.8pp | 69.9%-52.4pp |
| Annual return | -6.78% | 3.01%-9.8pp | 119.21%-126.0pp | -9.96%+3.2pp |
| Employer contribution / active EE | $3,054 | $2,977+2.6% | $4,628-34.0% | $2,111+44.7% |
| Participant deferral / active EE | $118 | $5,423-97.8% | $6,426-98.2% | $3,350-96.5% |
| Admin fee / account holder | $165 | $554-70.3% | $9,284-98.2% | $521-68.4% |