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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $8,129 |
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).
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 | $21,113 | $61,166-65.5% | $185,849-88.6% | $79,391-73.4% |
| Participation rate | 31.7% | 66.6%-34.9pp | 81.7%-50.0pp | 70.7%-39.0pp |
| Annual return | 17.61% | 19.45%-1.8pp | 122.10%-104.5pp | 116.88%-99.3pp |
| Employer contribution / active EE | $779 | $2,321-66.5% | $5,169-84.9% | $2,428-67.9% |
| Participant deferral / active EE | $2,012 | $2,789-27.8% | $5,569-63.9% | $4,046-50.3% |
| Admin fee / account holder | $116 | $710-83.6% | $16,244-99.3% | $627-81.5% |