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| Provider | Service type | Compensation |
|---|---|---|
ERISA SERVICES, INC.1 year Filed as: ERISA SERVICES OF ALABAMA, LLC Service code 15 · EIN 86-2724986 | Recordkeeping | $22,081 |
Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399 | Recordkeeping | $12,477 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $2,143 | $40,435-94.7% | $80,648-97.3% | $74,473-97.1% |
| Participation rate | 76.0% | 47.4%+28.6pp | 67.0%+9.0pp | 70.7%+5.2pp |
| Annual return | 16.55% | 165.22%-148.7pp | 937.21%-920.7pp | 34.36%-17.8pp |
| Employer contribution / active EE | $136 | $1,498-90.9% | $2,724-95.0% | $2,638-94.9% |
| Participant deferral / active EE | $1,245 | $2,673-53.4% | $4,443-72.0% | $4,530-72.5% |
| Admin fee / account holder | $109 | $721-84.9% | $5,382-98.0% | $347-68.7% |