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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $8,215 |
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).
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 | $9,984 | $48,078-79.2% | $78,676-87.3% | $62,881-84.1% |
| Participation rate | 49.4% | 65.2%-15.8pp | 73.6%-24.2pp | 69.3%-19.9pp |
| Annual return | 7.92% | 31.36%-23.4pp | 62.19%-54.3pp | 20.14%-12.2pp |
| Employer contribution / active EE | $678 | $2,015-66.3% | $2,850-76.2% | $2,281-70.3% |
| Participant deferral / active EE | $1,381 | $2,587-46.6% | $3,517-60.7% | $3,203-56.9% |
| Admin fee / account holder | $116 | $3,206-96.4% | $4,510-97.4% | $4,296-97.3% |