Virgin Pulse, Inc. 401(k) Review & Grade
Virgin Pulse, Inc. 401(k) Plan
Providence, RIAdministrative, Support & Staffing Services2,352 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$984Employer $ per active participant
$3,935Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$155.8MNet plan assets, end of year
$55,657Average balance per account
Score breakdown
- Employer generosity30.4 / 5061th percentile for employer $ per participant
- Low cost8.6 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 34th |
| Employee saving | 71th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Virgin Pulse put in about $984 per active participant, more than the typical peer ($712). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.36% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,313,804 |
| Participant (employee) contributions | $9,255,434 |
| Other contributions (incl. rollovers in) | $1,805,132 |
| Administrative expenses paid from the plan | $428,687 |
| Contract administrator fees | $9,842 |
| Investment advisory & management fees | $168,559 |
| Other admin expenses | $65,417 |
| Benefits paid out | $10,274,182 |
| Net assets, start / end of year | $84.6M / $155.8M |
| Active participants, start / end of year | 2,367 / 2,337 |
| Participants with account balances | 2,799 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hallowell 401k Assurance |
Largest service providers (Schedule C)
| Empower Annuity Ins Co of America | $184,869 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $71,046 reported compensation |
| Benefit Solutions Etc, LTD. | $65,417 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260602120207NAL0001133808001, received 2026-06-02, EIN 20-2547480, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.