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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $5,393 |
THE VANGUARD GROUP, INC.1 year Service code 15 · EIN 23-1945930 | Recordkeeping | $2,912 |
HAYNIE & COMPANY2 years Service code 10 · EIN 87-0325228 | Accounting | $2,015 |
PENSION STRATEGIES, LLC3 years Service code 15 · EIN 20-0333992 | Recordkeeping | $450 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $31,317 | $42,548-26.4% | $74,551-58.0% | $56,289-44.4% |
| Participation rate | 60.3% | 60.5%-0.1pp | 69.1%-8.8pp | 69.9%-9.5pp |
| Annual return | -6.42% | 12.40%-18.8pp | 32.53%-39.0pp | -9.96%+3.5pp |
| Employer contribution / active EE | $47 | $855-94.5% | $1,961-97.6% | $2,111-97.8% |
| Participant deferral / active EE | $1,427 | $2,277-37.3% | $3,108-54.1% | $3,350-57.4% |
| Admin fee / account holder | $108 | $467-76.9% | $5,059-97.9% | $521-79.3% |