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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399 | Recordkeeping | $11,061 |
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 | $21,389 | $48,471-55.9% | $182,558-88.3% | $67,582-68.4% |
| Participation rate | 52.2% | 67.2%-14.9pp | 78.0%-25.7pp | 71.3%-19.0pp |
| Annual return | 23.43% | 31.08%-7.7pp | 148.59%-125.2pp | 378.57%-355.1pp |
| Employer contribution / active EE | $1,088 | $1,461-25.5% | $4,076-73.3% | $2,148-49.4% |
| Participant deferral / active EE | $1,494 | $3,324-55.1% | $5,526-73.0% | $3,539-57.8% |
| Admin fee / account holder | $86 | $151-43.1% | $8,594-99.0% | $142-39.6% |