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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399 | Recordkeeping | $8,487 |
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 | $25,112 | $56,640-55.7% | $80,977-69.0% | $57,658-56.4% |
| Participation rate | 49.0% | 75.9%-26.8pp | 75.8%-26.8pp | 70.2%-21.2pp |
| Annual return | 14.90% | 19.97%-5.1pp | 17.11%-2.2pp | 5.13%+9.8pp |
| Employer contribution / active EE | $0 | $2,085-100.0% | $3,715-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $2,446 | $4,944-50.5% | $5,696-57.1% | $3,061-20.1% |
| Admin fee / account holder | $60 | $87-31.1% | $5,517-98.9% | $95-36.5% |