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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399 | Recordkeeping | $3,101 |
Filed as: MERRILL LYNCH LIFE AGENCY, INC. Service code 27 · EIN 13-2808480 | Advisory (Plan) | $2,544 |
HUNNEX AND SHOEMAKER, INC.1+ years Service code 15 · EIN 91-1072394 | Recordkeeping | $400 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $5,101 | $58,969-91.3% | $129,406-96.1% | $77,762-93.4% |
| Participation rate | 48.0% | 59.5%-11.4pp | 69.6%-21.6pp | 70.6%-22.6pp |
| Annual return | 0.00% | 24.78%-24.8pp | 9468.18%-9468.2pp | 31.27%-31.3pp |
| Employer contribution / active EE | $108 | $1,959-94.5% | $4,155-97.4% | $2,728-96.0% |
| Participant deferral / active EE | $1,170 | $3,224-63.7% | $4,167-71.9% | $4,651-74.8% |
| Admin fee / account holder | $14 | $593-97.6% | $7,689-99.8% | $433-96.8% |