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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FIN LIFE INSURANCE CO Service code 15 · EIN 36-6071399 | Recordkeeping | $129,261 |
Filed as: MERRILL LYNCH LIFE AGENCY, INC. Service code 27 · EIN 13-2808480 | Advisory (Plan) | $28,352 |
NOVA 401(K) ASSOCIATES4 years Service code 15 · EIN 20-1181458 | Recordkeeping | $27,042 |
Filed as: RAYMOND JAMES AND ASSOCIATES INC Service code 27 · EIN 59-1237041 | Advisory (Plan) | $13,108 |
Service code 14 · EIN 46-2919997 | Plan Administrator | $11,675 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $70,138 | $58,344+20.2% | $98,483-28.8% | $86,821-19.2% |
| Participation rate | 49.7% | 68.4%-18.7pp | 73.3%-23.6pp | 72.3%-22.6pp |
| Annual return | 16.44% | 43.47%-27.0pp | 1494.38%-1477.9pp | 97.94%-81.5pp |
| Employer contribution / active EE | $1,649 | $2,008-17.9% | $2,961-44.3% | $2,406-31.5% |
| Participant deferral / active EE | $2,214 | $3,156-29.9% | $4,276-48.2% | $4,132-46.4% |
| Admin fee / account holder | $669 | $138+385.6% | $5,953-88.8% | $170+294.6% |