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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA RETIREMENT SOLUTIONS, Service code 15 · EIN 13-3689044 | Recordkeeping | $24,202 |
Filed as: BENEFIT PLANS PLUS, LLC Service code 15 · EIN 43-1829594 | Recordkeeping | $4,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $14,258 | $41,467-65.6% | $67,313-78.8% | $55,725-74.4% |
| Participation rate | 34.3% | 62.5%-28.2pp | 69.1%-34.8pp | 70.9%-36.6pp |
| Annual return | -7.56% | 0.82%-8.4pp | -4.08%-3.5pp | 244.93%-252.5pp |
| Employer contribution / active EE | $858 | $1,316-34.8% | $2,566-66.6% | $2,078-58.7% |
| Participant deferral / active EE | $1,693 | $2,399-29.5% | $3,568-52.6% | $3,356-49.6% |
| Admin fee / account holder | $146 | $102+43.2% | $4,507-96.8% | $115+26.9% |