Filed December 7, 2015
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 42-1484983 | Recordkeeping | $25,406 |
Filed as: TRANSAMERICA FINANCIAL LIFE INS. CO Service code 15 · EIN 36-6071399 | Recordkeeping | $19,221 |
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $3,928 | $30,588-87.2% | $53,898-92.7% | $85,563-95.4% |
| Participation rate | 68.6% | 26.3%+42.3pp | 55.0%+13.7pp | 66.0%+2.7pp |
| Annual return | 20.10% | 50.42%-30.3pp | 528.60%-508.5pp | 31.51%-11.4pp |
| Employer contribution / active EE | $436 | $4360% | $932-53.2% | $2,654-83.6% |
| Participant deferral / active EE | $604 | $848-28.8% | $1,826-66.9% | $4,375-86.2% |
| Admin fee / account holder | $71 | $1,879-96.2% | $2,491-97.1% | $834-91.5% |