Filed March 20, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 10 · EIN 39-0989781 | Accounting | $5,299 |
PENSION STRATEGIES, LLC1 year Filed as: PENSION STRATEGIES,LLC Service code 15 · EIN 20-0333992 | Recordkeeping | $710 |
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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $28,156 | $52,884-46.8% | $84,753-66.8% | $55,167-49.0% |
| Participation rate | 43.5% | 67.5%-24.0pp | 76.6%-33.1pp | 69.0%-25.5pp |
| Annual return | 8.16% | 18.03%-9.9pp | 22.78%-14.6pp | 169.23%-161.1pp |
| Employer contribution / active EE | $2,482 | $2,233+11.1% | $3,574-30.5% | $1,963+26.5% |
| Participant deferral / active EE | $2,165 | $2,644-18.1% | $3,712-41.7% | $3,054-29.1% |
| Admin fee / account holder | $56 | $581-90.4% | $5,333-99.0% | $504-88.9% |