Filed February 10, 2022
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 7-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 |
|---|---|---|
ACTUARIAL BENEFITS CORP1 year Filed as: ACTUARIAL BENEFITS CORP. Service code 15 · EIN 20-1054428 | Recordkeeping | $8,700 |
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $7,998 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $14,054 | $44,626-68.5% | $86,188-83.7% | $80,160-82.5% |
| Participation rate | 39.5% | 63.5%-24.1pp | 69.0%-29.5pp | 72.9%-33.5pp |
| Annual return | 19.04% | 19.61%-0.6pp | 1168.45%-1149.4pp | 40.38%-21.3pp |
| Employer contribution / active EE | $388 | $1,099-64.7% | $2,380-83.7% | $2,978-87.0% |
| Participant deferral / active EE | $1,224 | $2,769-55.8% | $3,985-69.3% | $5,017-75.6% |
| Admin fee / account holder | $31 | $133-76.5% | $6,852-99.5% | $145-78.4% |