Filed March 2, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $68,751 |
Filed as: MML INVESTORS SERVICES INC Service code 99 · EIN 04-2746212 | Other Fees | $25,000 |
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 | $66,803 | $50,919+31.2% | $155,556-57.1% | $77,762-14.1% |
| Participation rate | 54.6% | 63.1%-8.5pp | 78.2%-23.6pp | 70.6%-16.0pp |
| Annual return | 12.18% | 34.84%-22.7pp | 64.84%-52.7pp | 31.27%-19.1pp |
| Employer contribution / active EE | $1,624 | $1,991-18.4% | $4,675-65.3% | $2,728-40.5% |
| Participant deferral / active EE | $3,489 | $2,824+23.5% | $5,631-38.0% | $4,651-25.0% |
| Admin fee / account holder | $269 | $437-38.4% | $15,885-98.3% | $433-37.8% |