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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399 | Recordkeeping | $23,537 |
ERPC, LLC2 years Service code 15 · EIN 45-3480687 PO BOX 890 · MUKILTEO, WA 98275 | Recordkeeping | $3,900 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,137 | $63,471-79.3% | $68,808-80.9% | $66,938-80.4% |
| Participation rate | 62.2% | 60.0%+2.2pp | 69.0%-6.8pp | 69.8%-7.6pp |
| Annual return | -11.61% | -8.29%-3.3pp | -6.37%-5.2pp | 1.58%-13.2pp |
| Employer contribution / active EE | $661 | $1,776-62.8% | $2,656-75.1% | $2,545-74.0% |
| Participant deferral / active EE | $1,426 | $2,946-51.6% | $3,942-63.8% | $4,238-66.3% |
| Admin fee / account holder | $134 | $578-76.8% | $4,936-97.3% | $594-77.4% |