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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $53,448 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $11,528 | $37,039-68.9% | $147,617-92.2% | $59,188-80.5% |
| Participation rate | 36.3% | 63.8%-27.4pp | 84.6%-48.3pp | 69.4%-33.1pp |
| Annual return | -0.31% | 7.19%-7.5pp | 61.98%-62.3pp | 5.51%-5.8pp |
| Employer contribution / active EE | $247 | $1,353-81.8% | $5,564-95.6% | $2,098-88.2% |
| Participant deferral / active EE | $624 | $2,094-70.2% | $4,895-87.2% | $3,265-80.9% |
| Admin fee / account holder | $30 | $60-50.5% | $11,612-99.7% | $92-67.7% |