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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399 | Recordkeeping | $9,291 |
INNOVATIVE PENSION2 years Filed as: INNOVATIVE PENSION STRATEGY & DESIG Service code 15 · EIN 33-0166640 | Recordkeeping | $7,423 |
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.
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 | $9,467 | $55,449-82.9% | $83,831-88.7% | $56,289-83.2% |
| Participation rate | 58.0% | 68.0%-10.0pp | 76.1%-18.1pp | 69.9%-11.9pp |
| Annual return | -6.71% | -1.38%-5.3pp | 850.99%-857.7pp | -9.96%+3.3pp |
| Employer contribution / active EE | $1,125 | $2,430-53.7% | $3,631-69.0% | $2,111-46.7% |
| Participant deferral / active EE | $275 | $2,935-90.6% | $4,082-93.3% | $3,350-91.8% |
| Admin fee / account holder | $120 | $656-81.7% | $5,479-97.8% | $521-77.0% |