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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT ANNUITY CO. Service code 15 · EIN 71-0294708 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $46,969 | $51,288-8.4% | $81,991-42.7% | $73,412-36.0% |
| Participation rate | 43.1% | 64.0%-20.8pp | 69.3%-26.1pp | 72.2%-29.0pp |
| Annual return | 16.78% | 29.48%-12.7pp | 41.31%-24.5pp | 59.30%-42.5pp |
| Employer contribution / active EE | $57 | $1,487-96.2% | $2,498-97.7% | $2,234-97.5% |
| Participant deferral / active EE | $1,030 | $2,715-62.1% | $3,722-72.3% | $3,806-72.9% |
| Admin fee / account holder | $11 | $125-91.2% | $5,665-99.8% | $158-93.0% |