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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399 4333 EDGEWOOD ROAD NE · CEDAR RAPIDS, IA 524990010 | Recordkeeping | $96,813 |
HEARD MCELROY & VESTAL, LLC6+ years Filed as: HEARD, MCELROY & VESTAL, LLC Service code 15 · EIN 72-0398470 333 TEXAS STREET, 15TH FLOOR · SHREVEPORT, LA 71101 | Recordkeeping | $50,130 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $23,340 | $56,095-58.4% | $178,499-86.9% | $90,274-74.1% |
| Participation rate | 18.0% | 65.6%-47.6pp | 81.9%-63.9pp | 73.4%-55.4pp |
| Annual return | 14.89% | 28.81%-13.9pp | 151.10%-136.2pp | 53.97%-39.1pp |
| Employer contribution / active EE | $27 | $1,572-98.3% | $5,011-99.5% | $2,523-98.9% |
| Participant deferral / active EE | $752 | $2,669-71.8% | $5,202-85.5% | $4,231-82.2% |
| Admin fee / account holder | $341 | $101+238.8% | $13,986-97.6% | $114+199.0% |