Filed September 28, 2023
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.
See the 10-year trajectory. $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 |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $16,801 |
Filed as: THE RETIREMENT ADVANTAGE, INC. Service code 15 · EIN 39-1816008 | Recordkeeping | $500 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,613 | $59,186-50.0% | $76,768-61.4% | $56,287-47.4% |
| Participation rate | 57.6% | 75.2%-17.7pp | 77.0%-19.4pp | 69.9%-12.3pp |
| Annual return | -0.92% | 6.62%-7.5pp | 2.43%-3.3pp | -9.96%+9.0pp |
| Employer contribution / active EE | $1,225 | $1,759-30.3% | $2,485-50.7% | $2,111-42.0% |
| Participant deferral / active EE | $2,348 | $3,255-27.9% | $3,852-39.0% | $3,350-29.9% |
| Admin fee / account holder | $145 | $489-70.3% | $6,675-97.8% | $521-72.1% |