Filed January 22, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 49 | Other Services | $5,885 |
Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $1 |
Filed as: MICHIGAN BENE Service code 49 · EIN 38-3220894 | Other Services | $0 |
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| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,499 | $101,499-66.0% | $147,005-76.5% | $74,546-53.7% |
| Participation rate | 98.0% | 75.5%+22.5pp | 82.2%+15.8pp | 67.2%+30.8pp |
| Annual return | 15.73% | 8732.34%-8716.6pp | 418.76%-403.0pp | 1366.03%-1350.3pp |
| Employer contribution / active EE | $2,370 | $3,811-37.8% | $4,934-52.0% | $2,624-9.7% |
| Participant deferral / active EE | $4,764 | $7,304-34.8% | $8,070-41.0% | $4,347+9.6% |
| Admin fee / account holder | $22 | $1,748-98.8% | $13,006-99.8% | $1,944-98.9% |