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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $5,106 |
Service code 15 · EIN 58-1485803 | Recordkeeping | $1,450 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $9,947 | $42,548-76.6% | $74,552-86.7% | $56,287-82.3% |
| Participation rate | 23.8% | 60.5%-36.6pp | 69.1%-45.3pp | 69.9%-46.0pp |
| Annual return | -7.13% | 12.40%-19.5pp | 32.53%-39.7pp | -9.96%+2.8pp |
| Employer contribution / active EE | $0 | $855-100.0% | $1,961-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $939 | $2,277-58.8% | $3,108-69.8% | $3,350-72.0% |
| Admin fee / account holder | $91 | $467-80.5% | $5,060-98.2% | $521-82.5% |