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| Provider | Service type | Compensation |
|---|---|---|
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $38,807 |
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 | $74,112 | $89,465-17.2% | $165,071-55.1% | $77,736-4.7% |
| Participation rate | 55.9% | 78.6%-22.8pp | 78.6%-22.8pp | 70.6%-14.7pp |
| Annual return | 12.30% | 28.86%-16.6pp | 70.17%-57.9pp | 31.26%-19.0pp |
| Employer contribution / active EE | $0 | $2,565-100.0% | $4,347-100.0% | $2,728-100.0% |
| Participant deferral / active EE | $2,804 | $4,904-42.8% | $6,035-53.5% | $4,651-39.7% |
| Admin fee / account holder | $199 | $340-41.4% | $12,695-98.4% | $433-54.1% |