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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT INS AND ANNUITY Service code 26 · EIN 71-0294708 | Advisory (Participants) | $553 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $18,895 | $62,928-70.0% | $172,755-89.1% | $67,579-72.0% |
| Participation rate | 38.3% | 64.5%-26.1pp | 82.6%-44.3pp | 71.3%-32.9pp |
| Annual return | 24.11% | 30.36%-6.2pp | 802.94%-778.8pp | 378.56%-354.4pp |
| Employer contribution / active EE | $503 | $1,636-69.2% | $5,144-90.2% | $2,148-76.6% |
| Participant deferral / active EE | $851 | $2,145-60.3% | $5,198-83.6% | $3,539-76.0% |
| Admin fee / account holder | $58 | $167-65.4% | $13,955-99.6% | $142-59.4% |