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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399 | Recordkeeping | $56,298 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $18,657 | $80,005-76.7% | $140,019-86.7% | $55,725-66.5% |
| Participation rate | 68.6% | 87.0%-18.4pp | 87.5%-18.9pp | 70.9%-2.3pp |
| Annual return | -5.74% | 0.46%-6.2pp | 651.15%-656.9pp | 244.93%-250.7pp |
| Employer contribution / active EE | $110 | $3,403-96.8% | $5,605-98.0% | $2,078-94.7% |
| Participant deferral / active EE | $4,766 | $5,264-9.5% | $6,927-31.2% | $3,356+42.0% |
| Admin fee / account holder | $88 | $116-24.0% | $10,705-99.2% | $115-23.6% |