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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INS. CO Service code 15 · EIN 36-6071399 | Recordkeeping | $16,755 |
Filed as: TEAL, BECKER AND CHIARAMONTE CPAS Service code 10 · EIN 14-1624930 | Accounting | $10,000 |
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).
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 | $71,139 | $78,275-9.1% | $109,173-34.8% | $86,821-18.1% |
| Participation rate | 60.3% | 73.8%-13.5pp | 75.9%-15.5pp | 72.3%-11.9pp |
| Annual return | 16.68% | 19.14%-2.5pp | 25.75%-9.1pp | 97.94%-81.3pp |
| Employer contribution / active EE | $3,544 | $3,105+14.2% | $3,723-4.8% | $2,406+47.3% |
| Participant deferral / active EE | $3,943 | $3,641+8.3% | $4,654-15.3% | $4,132-4.6% |
| Admin fee / account holder | $69 | $198-65.0% | $6,755-99.0% | $170-59.0% |