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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $20,971 |
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.
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,781 | $79,223-57.4% | $102,460-67.0% | $74,478-54.6% |
| Participation rate | 65.6% | 74.8%-9.1pp | 76.5%-10.9pp | 67.2%-1.6pp |
| Annual return | 13.72% | 54.98%-41.3pp | 29.47%-15.8pp | 1370.56%-1356.8pp |
| Employer contribution / active EE | $1,026 | $2,363-56.6% | $3,025-66.1% | $2,626-60.9% |
| Participant deferral / active EE | $2,270 | $4,417-48.6% | $5,056-55.1% | $4,350-47.8% |
| Admin fee / account holder | $175 | $2,003-91.3% | $9,460-98.2% | $1,946-91.0% |