Filed May 4, 2021
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 8-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 INS CO Service code 15 · EIN 36-6071399 | Recordkeeping | $77,961 |
Service code 15 · EIN 59-3163228 | Recordkeeping | $15,580 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $45,219 | $64,286-29.7% | $90,951-50.3% | $73,409-38.4% |
| Participation rate | 48.8% | 63.6%-14.8pp | 69.0%-20.2pp | 72.2%-23.3pp |
| Annual return | 19.28% | 21.45%-2.2pp | 134.60%-115.3pp | 59.29%-40.0pp |
| Employer contribution / active EE | $877 | $895-2.0% | $2,122-58.7% | $2,234-60.8% |
| Participant deferral / active EE | $1,869 | $2,453-23.8% | $3,373-44.6% | $3,805-50.9% |
| Admin fee / account holder | $382 | $287+32.9% | $5,959-93.6% | $158+141.7% |