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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MICHAEL SILVER AND COMPANY Service code 10 · EIN 81-4417884 | Accounting | $20,735 |
Filed as: TRANSAMERICA LIFE INSURANCE CO Service code 15 · EIN 39-0989781 | Recordkeeping | $12,220 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $61,309 | $59,819+2.5% | $79,583-23.0% | $68,490-10.5% |
| Participation rate | 36.1% | 61.1%-25.0pp | 69.5%-33.4pp | 67.9%-31.8pp |
| Annual return | -14.76% | -12.30%-2.5pp | 0.16%-14.9pp | -7.85%-6.9pp |
| Employer contribution / active EE | $0 | $1,505-100.0% | $2,414-100.0% | $2,597-100.0% |
| Participant deferral / active EE | $2,075 | $3,025-31.4% | $3,986-47.9% | $4,028-48.5% |
| Admin fee / account holder | $515 | $4,835-89.4% | $6,835-92.5% | $5,403-90.5% |