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| Provider | Service type | Compensation |
|---|---|---|
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399 | Recordkeeping | $107,225 |
Filed as: MERRILL LYNCH LIFE AGENCY, INC. Service code 27 · EIN 13-2808480 | Advisory (Plan) | $47,833 |
ASCENSUS LLC5 years Filed as: FUTUREPLAN BY ASCENSUS Service code 15 · EIN 82-3719843 | Recordkeeping | $24,695 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,264 | $89,670-47.3% | $108,359-56.4% | $89,670-47.3% |
| Participation rate | 18.0% | 71.2%-53.2pp | 70.1%-52.2pp | 71.2%-53.2pp |
| Annual return | 12.88% | 19.66%-6.8pp | 36.89%-24.0pp | 19.66%-6.8pp |
| Employer contribution / active EE | $665 | $4,041-83.6% | $2,399-72.3% | $4,041-83.6% |
| Participant deferral / active EE | $1,086 | $3,962-72.6% | $4,137-73.8% | $3,962-72.6% |
| Admin fee / account holder | $340 | $352-3.2% | $9,741-96.5% | $352-3.2% |