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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA RETIREMENT SOLUTIONS, Service code 15 · EIN 13-3689044 | Recordkeeping | $51,930 |
THE BANK OF NEW YORK MELLON2 years Filed as: BANK OF AMERICA NA Service code 27 · EIN 13-5674085 | Advisory (Plan) | $27,165 |
Service code 15 · EIN 41-0955056 | Recordkeeping | $3,181 |
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.)
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 | $66,209 | $55,122+20.1% | $104,639-36.7% | $73,497-9.9% |
| Participation rate | 89.7% | 67.7%+22.0pp | 74.1%+15.6pp | 70.7%+19.0pp |
| Annual return | 12.16% | 24.77%-12.6pp | 340.67%-328.5pp | 28.51%-16.4pp |
| Employer contribution / active EE | $244 | $1,464-83.4% | $2,682-90.9% | $2,270-89.3% |
| Participant deferral / active EE | $4,988 | $2,919+70.9% | $3,738+33.4% | $3,740+33.4% |
| Admin fee / account holder | $334 | $423-20.9% | $6,465-94.8% | $513-34.8% |