Filed January 12, 2022 (most recent of 3 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA ADVISORS LLC Service code 26 · EIN 22-1862786 | Advisory (Participants) | $441,179 |
AB FUNDS7+ years Filed as: ALLIANCE BERNSTEIN Service code 15 · EIN 13-4064930 | Recordkeeping | $353,287 |
Filed as: VOYA INSTITUTIONAL PLAN SERVICES, L Service code 64 | Recordkeeping Fees | $315,596 |
STATE STREET GLOBAL ADVISORS7+ years Service code 25 · EIN 81-4017137 | Directed Trustee | $167,705 |
NEWPORT GROUP, INC.5 years Filed as: NEWPORT TRUST Service code 28 · EIN 27-4411131 | Investment Management | $160,417 |
Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 37 · EIN 04-3516284 | Loan Processing | $43,911 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $144,906 | $51,728+180.1% | $80,793+79.4% | $106,520+36.0% |
| Participation rate | 17.4% | 33.9%-16.5pp | 54.2%-36.8pp | 71.3%-53.9pp |
| Annual return | 17.94% | 32.29%-14.4pp | 87.33%-69.4pp | 19.28%-1.3pp |
| Employer contribution / active EE | $762 | $460+65.9% | $1,160-34.3% | $2,840-73.2% |
| Participant deferral / active EE | $1,420 | $1,076+32.0% | $2,144-33.8% | $4,948-71.3% |
| Admin fee / account holder | $154 | $80+91.3% | $3,375-95.4% | $75+106.2% |