Filed May 9, 2020
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 | $7,890 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $42,988 | $26,805+60.4% | $59,496-27.7% | $52,331-17.9% |
| Participation rate | 69.2% | 39.3%+29.9pp | 54.6%+14.7pp | 68.1%+1.1pp |
| Annual return | -1.36% | 2.61%-4.0pp | 182.05%-183.4pp | 4.54%-5.9pp |
| Employer contribution / active EE | $1,069 | $450+137.6% | $1,153-7.3% | $1,882-43.2% |
| Participant deferral / active EE | $2,944 | $916+221.3% | $1,829+60.9% | $3,022-2.6% |
| Admin fee / account holder | $65 | $305-78.8% | $2,232-97.1% | $592-89.1% |