Filed September 21, 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 |
|---|---|---|
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $53,198 |
SINGERLEWAK LLP7 years Filed as: SINGERLEWAK Service code 10 · EIN 95-2302617 | Accounting | $21,670 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,895 | $88,982-69.8% | $102,438-73.7% | $77,671-65.4% |
| Participation rate | 95.3% | 80.9%+14.4pp | 76.5%+18.8pp | 70.6%+24.8pp |
| Annual return | 12.09% | 25.01%-12.9pp | 29.37%-17.3pp | 31.21%-19.1pp |
| Employer contribution / active EE | $790 | $2,698-70.7% | $3,024-73.9% | $2,726-71.0% |
| Participant deferral / active EE | $6,688 | $5,144+30.0% | $5,054+32.3% | $4,648+43.9% |
| Admin fee / account holder | $124 | $236-47.3% | $9,448-98.7% | $430-71.2% |