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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $6,096 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $21,516 | $94,529-77.2% | $140,019-84.6% | $64,173-66.5% |
| Participation rate | 69.2% | 84.1%-14.9pp | 87.5%-18.3pp | 69.6%-0.3pp |
| Annual return | -5.88% | 7.77%-13.6pp | 651.17%-657.0pp | 7.63%-13.5pp |
| Employer contribution / active EE | $3,526 | $3,812-7.5% | $5,605-37.1% | $2,381+48.1% |
| Participant deferral / active EE | $2,686 | $5,250-48.8% | $6,927-61.2% | $3,470-22.6% |
| Admin fee / account holder | $46 | $6,741-99.3% | $10,705-99.6% | $4,887-99.1% |