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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $34,229 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $53,652 | $71,142-24.6% | $119,634-55.2% | $64,824-17.2% |
| Participation rate | 45.1% | 78.6%-33.5pp | 79.3%-34.1pp | 71.5%-26.3pp |
| Annual return | -15.64% | -10.01%-5.6pp | -14.98%-0.7pp | 32.84%-48.5pp |
| Employer contribution / active EE | $0 | $2,497-100.0% | $4,232-100.0% | $2,507-100.0% |
| Participant deferral / active EE | $1,876 | $4,490-58.2% | $5,601-66.5% | $4,311-56.5% |
| Admin fee / account holder | $157 | $162-3.2% | $10,329-98.5% | $188-16.4% |