Filed December 28, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $90,532 |
Filed as: MML INVESTORS SERVICES INC Service code 99 · EIN 04-2746212 | Other Fees | $40,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,269 | $56,540-16.4% | $185,849-74.6% | $86,821-45.6% |
| Participation rate | 54.8% | 65.5%-10.7pp | 81.7%-26.9pp | 72.3%-17.5pp |
| Annual return | 14.88% | 118.20%-103.3pp | 122.10%-107.2pp | 97.94%-83.1pp |
| Employer contribution / active EE | $816 | $1,844-55.8% | $5,169-84.2% | $2,406-66.1% |
| Participant deferral / active EE | $2,345 | $2,555-8.2% | $5,569-57.9% | $4,132-43.3% |
| Admin fee / account holder | $192 | $150+28.2% | $16,244-98.8% | $170+13.1% |