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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $3,813 |
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,053 |
PLANTECH, LLP1 year Service code 15 · EIN 72-1386027 2205 CAHABA VALLEY DRIVE · BIRMINGHAM, AL 35242 | Recordkeeping | $100 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $38,765 | $46,732-17.0% | $156,551-75.2% | $55,167-29.7% |
| Participation rate | 22.9% | 65.8%-42.9pp | 84.0%-61.1pp | 69.0%-46.1pp |
| Annual return | 4.86% | 17.72%-12.9pp | 32.23%-27.4pp | 169.23%-164.4pp |
| Employer contribution / active EE | $242 | $2,105-88.5% | $5,501-95.6% | $1,963-87.7% |
| Participant deferral / active EE | $749 | $2,204-66.0% | $4,871-84.6% | $3,054-75.5% |
| Admin fee / account holder | $176 | $418-57.9% | $13,028-98.6% | $504-65.0% |