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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $18,348 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $30,756 | $58,895-47.8% | $178,503-82.8% | $73,497-58.2% |
| Participation rate | 28.6% | 66.2%-37.7pp | 81.9%-53.4pp | 70.7%-42.1pp |
| Annual return | 26.67% | 24.86%+1.8pp | 151.12%-124.4pp | 28.51%-1.8pp |
| Employer contribution / active EE | $620 | $2,236-72.3% | $5,011-87.6% | $2,270-72.7% |
| Participant deferral / active EE | $755 | $2,567-70.6% | $5,202-85.5% | $3,740-79.8% |
| Admin fee / account holder | $316 | $400-21.0% | $13,987-97.7% | $513-38.3% |