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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399 | Recordkeeping | $7,283 |
Filed as: MERRILL LYNCH Service code 22 · EIN 13-2808480 | Insurance Broker | $1,588 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.
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 | $2,649 | $35,485-92.5% | $74,551-96.4% | $55,725-95.2% |
| Participation rate | 56.2% | 62.5%-6.3pp | 69.1%-13.0pp | 70.9%-14.7pp |
| Annual return | -6.53% | 0.72%-7.2pp | 32.53%-39.1pp | 244.93%-251.5pp |
| Employer contribution / active EE | $187 | $777-76.0% | $1,961-90.5% | $2,078-91.0% |
| Participant deferral / active EE | $642 | $2,181-70.6% | $3,108-79.4% | $3,356-80.9% |
| Admin fee / account holder | $8 | $114-93.2% | $5,059-99.8% | $115-93.3% |