Plan Ledger DOL Form 5500 · updated monthly

Virgin Pulse, Inc.401(k)

VIRGIN PULSE, INC. 401(K) PLAN · PROVIDENCE, RI · plan year 2024

Reported admin expense ratio · 2024
0.36%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Virgin Pulse, Inc. reported $428,687 in plan administrative expenses for 2024: 0.36% of average plan assets, higher than ~90% of peers. Employer contributions averaged $990 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.49% to 0.36%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other administrative & support services employers. By assets it is the 31st-largest of 286 plans among Rhode Island employers on file, and the 119th of 2,534 in administrative & support services. In 2024, employees put in $4.00 for every $1.00 the employer contributed; active participation has grown from 1,103 to 2,337 since 2022.

Plan summary
Net assets, end of year$155,784,123
Participants with balances2,799
Active participants2,337
Employer contributions$2,313,804
Employee contributions$9,255,434
Employer contribution per active participant$990
Average account balance$55,657
Benefits paid to participants$10,274,182
Plan auditUnmodified (clean) audit opinion
AuditorHALLOWELL 401K ASSURANCE
Plan history3
Yearassets · accounts · employer contribution
2024$155.8M · 2,799 accts · $2.3M emplr
2023$84.6M · 1,709 accts · $2.2M emplr
2022$70.7M · 1,892 accts · $2.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$194,711
Investment management$168,559
Total administrative$428,687
The Virgin Pulse, Inc. 401(k) match · 2024
Employer contribution per active participant$990
Median for plans this size$3,635
2024$990 per active participant
2023$1,936 per active participant
2022$2,183 per active participant

Virgin Pulse, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20246
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$71,046
BENEFIT SOLUTIONS ETC, LTD. · Contract administrator$65,417
UBS FINANCIAL SERVICES · Investment advisory (plan)$50,032
EMPOWER ADVISORY GROUP, LLC · Investment management$47,482

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$428,687 · 0.36%
2023$330,955 · 0.43%
2022$328,690 · 0.49%
Same employer
Similar plansAdministrative & Support Services · Rhode Island
Casella Waste Systems, Inc. VT$160.9M · 0.21%
Empower HR, LLC WI$157.0M · 0.80%
Dlh Holdings Corp. GA$156.8M · 0.21%
Staffco of Brooklyn, LLC NY$154.7M · 0.26%
Qtc Management, Inc. CA$154.0M · 0.08%
Vector Security, Inc PA$151.1M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202547480 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.