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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399 | Recordkeeping | $45,956 |
Filed as: MERRILL LYNCH LIFE AGENCY, INC. Service code 27 · EIN 13-2808480 | Advisory (Plan) | $24,725 |
Service code 15 · EIN 77-0586222 | Recordkeeping | $3,350 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $60,381 | $78,670-23.2% | $109,173-44.7% | $85,847-29.7% |
| Participation rate | 85.7% | 68.3%+17.4pp | 75.9%+9.8pp | 69.3%+16.4pp |
| Annual return | 10.12% | 25.09%-15.0pp | 25.75%-15.6pp | 318.61%-308.5pp |
| Employer contribution / active EE | $25,765 | $2,734+842.4% | $3,723+592.1% | $2,565+904.3% |
| Participant deferral / active EE | $6,751 | $3,467+94.7% | $4,654+45.1% | $3,952+70.8% |
| Admin fee / account holder | $459 | $5,469-91.6% | $6,755-93.2% | $6,261-92.7% |