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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399 | Recordkeeping | $68,857 |
Filed as: MERRILL LYNCH LIFE AGENCY, INC. Service code 27 · EIN 13-2808480 | Advisory (Plan) | $34,261 |
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.
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 | $56,556 | $43,466+30.1% | $90,970-37.8% | $90,274-37.4% |
| Participation rate | 27.4% | 62.5%-35.0pp | 69.0%-41.6pp | 73.4%-45.9pp |
| Annual return | 14.05% | 25.26%-11.2pp | 134.60%-120.5pp | 53.97%-39.9pp |
| Employer contribution / active EE | $46 | $840-94.6% | $2,122-97.8% | $2,523-98.2% |
| Participant deferral / active EE | $1,705 | $2,138-20.2% | $3,373-49.5% | $4,231-59.7% |
| Admin fee / account holder | $122 | $92+32.5% | $5,961-98.0% | $114+6.7% |