Filed May 27, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $7,885 |
DEFINITI LLC1 year Filed as: DEFINITI, LLC Service code 15 · EIN 85-0833363 | Recordkeeping | $1,400 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $41,950 | $66,124-36.6% | $90,430-53.6% | $73,493-42.9% |
| Participation rate | 63.4% | 69.7%-6.3pp | 72.7%-9.3pp | 70.7%-7.3pp |
| Annual return | 21.28% | 17.65%+3.6pp | 1293.73%-1272.5pp | 28.51%-7.2pp |
| Employer contribution / active EE | $978 | $2,346-58.3% | $3,262-70.0% | $2,270-56.9% |
| Participant deferral / active EE | $1,716 | $3,039-43.5% | $3,963-56.7% | $3,740-54.1% |
| Admin fee / account holder | $106 | $396-73.4% | $5,613-98.1% | $513-79.4% |