Filed January 12, 2022 (most recent of 3 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA INSTITUTIONAL PLAN SERVICES, L Service code 64 | Recordkeeping Fees | $368,331 |
AB FUNDS5+ years Filed as: ALLIANCE BERNSTEIN Service code 15 · EIN 13-4064930 | Recordkeeping | $321,077 |
Filed as: VOYA ADVISORS LLC Service code 26 · EIN 22-1862786 | Advisory (Participants) | $318,672 |
NEWPORT GROUP, INC.3 years Filed as: NEWPORT TRUST Service code 28 · EIN 27-4411131 | Investment Management | $175,000 |
STATE STREET GLOBAL ADVISORS5+ years Service code 25 · EIN 81-4017137 | Directed Trustee | $158,325 |
Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 37 · EIN 04-3516284 | Loan Processing | $48,566 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $118,533 | $43,471+172.7% | $74,725+58.6% | $89,609+32.3% |
| Participation rate | 22.3% | 36.3%-13.9pp | 54.5%-32.1pp | 69.6%-47.2pp |
| Annual return | 18.39% | 24.97%-6.6pp | 753.24%-734.9pp | 33.65%-15.3pp |
| Employer contribution / active EE | $864 | $554+56.2% | $1,084-20.3% | $2,584-66.6% |
| Participant deferral / active EE | $1,432 | $1,177+21.7% | $1,961-27.0% | $4,222-66.1% |
| Admin fee / account holder | $141 | $74+91.1% | $3,335-95.8% | $72+97.0% |