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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INS. Service code 15 · EIN 36-6071399 | Recordkeeping | $52,229 |
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).
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 | $67,323 | $89,652-24.9% | $141,197-52.3% | $65,186+3.3% |
| Participation rate | 95.9% | 74.7%+21.2pp | 82.5%+13.4pp | 70.2%+25.7pp |
| Annual return | 22.07% | 32.79%-10.7pp | 71.41%-49.3pp | 29.39%-7.3pp |
| Employer contribution / active EE | $2,984 | $3,065-2.6% | $4,736-37.0% | $2,177+37.1% |
| Participant deferral / active EE | $3,899 | $5,691-31.5% | $6,710-41.9% | $3,514+11.0% |
| Admin fee / account holder | $384 | $569-32.5% | $10,265-96.3% | $847-54.7% |