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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $6,104 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $92,664 | $64,909+42.8% | $82,312+12.6% | $62,293+48.8% |
| Participation rate | 34.1% | 74.9%-40.8pp | 76.9%-42.8pp | 69.5%-35.5pp |
| Annual return | 18.93% | 21.18%-2.2pp | 25.88%-6.9pp | 28.90%-10.0pp |
| Employer contribution / active EE | $919 | $1,676-45.2% | $2,428-62.2% | $2,042-55.0% |
| Participant deferral / active EE | $2,084 | $3,103-32.8% | $3,706-43.8% | $3,169-34.2% |
| Admin fee / account holder | $105 | $440-76.1% | $5,608-98.1% | $479-78.0% |