Filed May 30, 2018 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA RETIREMENT SOLUTIONS,L Service code 15 · EIN 13-3689044 | Recordkeeping | $30,541 |
OSAIC WEALTH INC3 years Filed as: OSAIC WEALTH, INC. Service code 27 · EIN 93-0987232 | Advisory (Plan) | $30,231 |
HICKS PENSION SERVICES1 year Service code 15 · EIN 77-0155091 | Recordkeeping | $4,912 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $47,350 | $106,749-55.6% | $145,433-67.4% | $82,448-42.6% |
| Participation rate | 87.6% | 75.6%+12.0pp | 82.1%+5.5pp | 68.1%+19.6pp |
| Annual return | 18.55% | 27.59%-9.0pp | 66.58%-48.0pp | 41.64%-23.1pp |
| Employer contribution / active EE | $0 | $3,444-100.0% | $4,554-100.0% | $2,551-100.0% |
| Participant deferral / active EE | $7,112 | $6,519+9.1% | $7,897-9.9% | $4,139+71.8% |
| Admin fee / account holder | $442 | $8,390-94.7% | $13,129-96.6% | $7,234-93.9% |