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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INS Service code 15 · EIN 36-6071399 | Recordkeeping | $6,851 |
Service code 15 · EIN 62-1874769 | Recordkeeping | $3,411 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $16,007 | $45,872-65.1% | $77,100-79.2% | $68,490-76.6% |
| Participation rate | 16.3% | 55.9%-39.6pp | 67.9%-51.6pp | 67.9%-51.6pp |
| Annual return | -17.74% | 1.73%-19.5pp | 42.35%-60.1pp | -7.85%-9.9pp |
| Employer contribution / active EE | $473 | $1,650-71.3% | $2,815-83.2% | $2,597-81.8% |
| Participant deferral / active EE | $1,180 | $2,963-60.2% | $4,430-73.4% | $4,028-70.7% |
| Admin fee / account holder | $302 | $3,041-90.1% | $5,443-94.5% | $5,403-94.4% |