Filed January 22, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 26 · EIN 71-0294708 | Advisory (Participants) | $0 |
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,100 | $98,766-65.5% | $149,730-77.2% | $79,852-57.3% |
| Participation rate | 98.1% | 75.8%+22.3pp | 82.5%+15.6pp | 69.6%+28.5pp |
| Annual return | 11.10% | 27.43%-16.3pp | 276.70%-265.6pp | 31.72%-20.6pp |
| Employer contribution / active EE | $3,841 | $3,217+19.4% | $4,645-17.3% | $2,471+55.4% |
| Participant deferral / active EE | $8,534 | $5,681+50.2% | $6,843+24.7% | $3,740+128.2% |
| Admin fee / account holder | $36 | $6,052-99.4% | $9,310-99.6% | $5,306-99.3% |