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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 34 · EIN 04-3516284 | Valuation (appraisals, etc.); Partici... | $557,112 |
MERCER3 years Filed as: MERCER INVESTMENT Service code 51 · EIN 30-0282430 | Investment Mgmt Fees | $318,854 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $48,507 | $49,890-2.8% | $104,656-53.7% | $106,273-54.4% |
| Participation rate | 22.5% | 45.0%-22.5pp | 74.1%-51.5pp | 70.8%-48.3pp |
| Annual return | 12.49% | 18.07%-5.6pp | 340.70%-328.2pp | 21.70%-9.2pp |
| Employer contribution / active EE | $262 | $809-67.6% | $2,682-90.2% | $2,722-90.4% |
| Participant deferral / active EE | $621 | $1,699-63.4% | $3,738-83.4% | $4,601-86.5% |
| Admin fee / account holder | $113 | $56+100.2% | $6,466-98.3% | $78+43.7% |