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 | $386,151 |
Filed as: VOYA ADVISORS LLC Service code 26 · EIN 22-1862786 | Advisory (Participants) | $361,719 |
AB FUNDS6+ years Filed as: ALLIANCE BERNSTEIN Service code 15 · EIN 13-4064930 | Recordkeeping | $338,804 |
NEWPORT GROUP, INC.4 years Filed as: NEWPORT TRUST Service code 28 · EIN 27-4411131 | Investment Management | $175,000 |
STATE STREET GLOBAL ADVISORS6+ years Service code 25 · EIN 81-4017137 | Directed Trustee | $145,415 |
Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 37 · EIN 04-3516284 | Loan Processing | $33,222 |
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 | $128,585 | $48,082+167.4% | $77,557+65.8% | $106,273+21.0% |
| Participation rate | 25.6% | 33.6%-8.0pp | 54.2%-28.6pp | 70.8%-45.2pp |
| Annual return | 11.60% | 15.72%-4.1pp | 54.83%-43.2pp | 21.70%-10.1pp |
| Employer contribution / active EE | $1,028 | $457+124.8% | $987+4.2% | $2,722-62.2% |
| Participant deferral / active EE | $1,819 | $1,043+74.5% | $1,861-2.2% | $4,601-60.5% |
| Admin fee / account holder | $139 | $79+74.8% | $2,860-95.1% | $78+77.2% |