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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $19,439 |
Service code 10 · EIN 20-0443699 | Accounting | $12,335 |
PB MARES1 year Filed as: PO MARES & CO LLP Service code 10 · EIN 94-1538492 | Accounting | $11,800 |
AL DEROO & ASSOCIATES2 years Service code 10 · EIN 94-1154481 | Accounting | $10,778 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $105,893 | $49,138+115.5% | $84,023+26.0% | $65,186+62.4% |
| Participation rate | 52.4% | 60.7%-8.4pp | 69.0%-16.7pp | 70.2%-17.8pp |
| Annual return | 17.21% | 23.00%-5.8pp | 71.32%-54.1pp | 29.39%-12.2pp |
| Employer contribution / active EE | $348 | $914-61.9% | $1,984-82.5% | $2,177-84.0% |
| Participant deferral / active EE | $3,038 | $2,397+26.8% | $3,239-6.2% | $3,514-13.5% |
| Admin fee / account holder | $305 | $543-43.8% | $6,102-95.0% | $847-64.0% |