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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA FINANCIAL LIFE INS. CO Service code 15 · EIN 36-6071399 | Recordkeeping | $61,544 |
Filed as: MERRILL LYNCH LIFE AGENCY INC. Service code 16 · EIN 13-2808480 | Consulting | $51,297 |
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 | $100,646 | $54,245+85.5% | $93,727+7.4% | $77,762+29.4% |
| Participation rate | 54.7% | 63.9%-9.2pp | 68.7%-14.0pp | 70.6%-15.9pp |
| Annual return | 14.39% | 30.58%-16.2pp | 133.83%-119.4pp | 31.27%-16.9pp |
| Employer contribution / active EE | $328 | $1,168-71.9% | $2,421-86.5% | $2,728-88.0% |
| Participant deferral / active EE | $4,731 | $3,144+50.5% | $4,417+7.1% | $4,651+1.7% |
| Admin fee / account holder | $506 | $575-12.1% | $8,292-93.9% | $433+16.9% |