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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399 | Recordkeeping | $3,818 |
Filed as: MERRILL LYNCH Service code 22 · EIN 13-2808480 | Insurance Broker | $1,285 |
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.
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 | $4,060 | $48,064-91.6% | $78,778-94.8% | $69,631-94.2% |
| Participation rate | 66.3% | 61.6%+4.7pp | 69.2%-2.9pp | 70.7%-4.4pp |
| Annual return | 15.58% | 21.81%-6.2pp | 35.62%-20.0pp | 27571.02%-27555.4pp |
| Employer contribution / active EE | $230 | $744-69.1% | $1,986-88.4% | $2,032-88.7% |
| Participant deferral / active EE | $951 | $2,079-54.2% | $2,958-67.8% | $3,224-70.5% |
| Admin fee / account holder | $10 | $152-93.3% | $5,134-99.8% | $110-90.7% |