Filed July 30, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA RETIREMENT SOLUTIONS, Service code 15 · EIN 13-3689044 | Recordkeeping | $102,422 |
THE BANK OF NEW YORK MELLON5 years Filed as: BANK OF AMERICA NA Service code 27 · EIN 13-5674085 | Advisory (Plan) | $62,588 |
SENTINEL PENSION LLC6 years Filed as: SENTINEL PENSION, LLC Service code 15 · EIN 46-0570503 | Recordkeeping | $43,286 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $76,891 | $130,224-41.0% | $197,124-61.0% | $79,634-3.4% |
| Participation rate | 100.0% | 87.8%+12.2pp | 86.7%+13.3pp | 62.5%+37.5pp |
| Annual return | 15.89% | 23.65%-7.8pp | 44.34%-28.5pp | 36.46%-20.6pp |
| Employer contribution / active EE | $5,611 | $4,314+30.1% | $6,227-9.9% | $2,529+121.9% |
| Participant deferral / active EE | $4,815 | $7,378-34.7% | $9,135-47.3% | $3,835+25.6% |
| Admin fee / account holder | $538 | $254+111.2% | $16,298-96.7% | $1,002-46.3% |