Reliance Standard Life Insurance Company 401(k) Review & Grade
Reliance Standard Life Insurance Company Retirement Savings Plan
Philadelphia, PAFinance & Insurance2,637 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,103Employer $ per active participant
$6,848Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$353.8MNet plan assets, end of year
$100,349Average balance per account
Score breakdown
- Employer generosity37.9 / 5076th percentile for employer $ per participant
- Low cost13.5 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 54th |
| Employee saving | 28th |
| Peers that auto-enroll | 66% |
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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
- Reliance Standard Life Insurance put in about $7,103 per active participant, more than the typical peer ($4,489). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $18,729,703 |
| Participant (employee) contributions | $18,057,102 |
| Other contributions (incl. rollovers in) | $4,570,153 |
| Administrative expenses paid from the plan | $358,711 |
| Other admin expenses | $358,711 |
| Benefits paid out | $23,024,467 |
| Net assets, start / end of year | $296.4M / $353.8M |
| Active participants, start / end of year | 2,566 / 2,708 |
| Participants with account balances | 3,526 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pricewaterhousecoopers |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $309,514 reported compensation |
| Vanguard Advisers Inc. | $40,834 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008161306NAL0009761008001, received 2025-10-08, EIN 36-0883760, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.