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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $53,003 |
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.)
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 | $33,380 | $31,109+7.3% | $67,704-50.7% | $52,331-36.2% |
| Participation rate | 56.6% | 54.0%+2.6pp | 67.5%-10.9pp | 68.1%-11.5pp |
| Annual return | -0.75% | 23.70%-24.4pp | 25.41%-26.2pp | 4.54%-5.3pp |
| Employer contribution / active EE | $698 | $1,076-35.1% | $2,559-72.7% | $1,882-62.9% |
| Participant deferral / active EE | $1,763 | $1,970-10.5% | $3,585-50.8% | $3,022-41.7% |
| Admin fee / account holder | $521 | $466+11.7% | $4,255-87.8% | $592-12.0% |