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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER5 years Filed as: PENSION CONSULTANTS CO., INC. Service code 15 | Recordkeeping | $420 |
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $248 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Opinion is qualified - a specific issue limited the scope or accuracy of the audit.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $65,040 | $63,471+2.5% | $68,803-5.5% | $66,949-2.9% |
| Participation rate | 45.0% | 60.0%-15.0pp | 69.0%-24.0pp | 69.8%-24.8pp |
| Annual return | -10.51% | -8.29%-2.2pp | -6.37%-4.1pp | 1.57%-12.1pp |
| Employer contribution / active EE | $4,312 | $1,776+142.8% | $2,656+62.4% | $2,545+69.4% |
| Participant deferral / active EE | $970 | $2,946-67.1% | $3,942-75.4% | $4,239-77.1% |
| Admin fee / account holder | $408 | $578-29.3% | $4,936-91.7% | $594-31.2% |