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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $54,211 |
Filed as: AVANTAX ADVISORY SERVICES INC Service code 27 · EIN 75-2176682 | Advisory (Plan) | $28,408 |
RETIREMENT STRATEGIES, INC.2 years Filed as: RETIREMENT STRATEGIES GROUP, LLC DE Service code 15 · EIN 72-1450587 | Recordkeeping | $4,800 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $39,308 | $47,163-16.7% | $149,696-73.7% | $74,460-47.2% |
| Participation rate | 46.3% | 63.4%-17.1pp | 78.8%-32.5pp | 70.7%-24.5pp |
| Annual return | 24.89% | 22.75%+2.1pp | 134.46%-109.6pp | 34.38%-9.5pp |
| Employer contribution / active EE | $1,514 | $1,907-20.6% | $4,821-68.6% | $2,638-42.6% |
| Participant deferral / active EE | $2,774 | $2,730+1.6% | $5,682-51.2% | $4,530-38.8% |
| Admin fee / account holder | $185 | $343-45.9% | $13,212-98.6% | $348-46.7% |