Filed July 30, 2020
See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
See the 10-year trajectory with Solo.
Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA RETIREMENT SOLUTIONS, Service code 15 · EIN 13-3689044 | Recordkeeping | $96,836 |
THE BANK OF NEW YORK MELLON4 years Filed as: BANK OF AMERICA NA Service code 27 · EIN 13-5674085 | Advisory (Plan) | $53,696 |
SENTINEL PENSION LLC5 years Filed as: SENTINEL PENSION, LLC Service code 15 · EIN 46-0570503 | Recordkeeping | $26,138 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $70,871 | $129,021-45.1% | $184,203-61.5% | $77,643-8.7% |
| Participation rate | 99.7% | 87.3%+12.3pp | 86.8%+12.9pp | 70.6%+29.1pp |
| Annual return | 12.69% | 33.27%-20.6pp | 28.81%-16.1pp | 31.24%-18.5pp |
| Employer contribution / active EE | $5,983 | $4,413+35.6% | $6,427-6.9% | $2,726+119.5% |
| Participant deferral / active EE | $4,963 | $7,297-32.0% | $9,131-45.7% | $4,647+6.8% |
| Admin fee / account holder | $492 | $254+93.9% | $13,901-96.5% | $430+14.3% |