Filed January 8, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INS. CO Service code 15 · EIN 36-6071399 | Recordkeeping | $9,574 |
Filed as: MERRILL LYNCH Service code 22 | Insurance Broker | $3,665 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $38,671 | $60,545-36.1% | $92,240-58.1% | $69,631-44.5% |
| Participation rate | 48.1% | 72.2%-24.1pp | 76.5%-28.4pp | 70.7%-22.6pp |
| Annual return | 21.69% | 19.71%+2.0pp | 176.29%-154.6pp | 27571.02%-27549.3pp |
| Employer contribution / active EE | $990 | $2,633-62.4% | $3,680-73.1% | $2,032-51.3% |
| Participant deferral / active EE | $4,345 | $2,828+53.7% | $3,897+11.5% | $3,224+34.8% |
| Admin fee / account holder | $37 | $145-74.7% | $5,194-99.3% | $110-66.8% |