Filed August 1, 2018
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 37 · EIN 04-3516284 | Loan Processing | $232,752 |
Filed as: VOYA RETIREMENT ADVISORS Service code 26 · EIN 22-1862786 | Advisory (Participants) | $174,786 |
Service code 16 · EIN 04-3638035 | Consulting | $104,786 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,016 | $33,018+90.9% | $77,113-18.3% | $78,104-19.3% |
| Participation rate | 51.8% | 38.5%+13.2pp | 67.9%-16.2pp | 74.5%-22.7pp |
| Annual return | -16.57% | -7.47%-9.1pp | 42.37%-58.9pp | 10.90%-27.5pp |
| Employer contribution / active EE | $2,652 | $987+168.8% | $2,815-5.8% | $3,128-15.2% |
| Participant deferral / active EE | $5,323 | $2,365+125.0% | $4,430+20.1% | $5,089+4.6% |
| Admin fee / account holder | $75 | $108-31.2% | $5,445-98.6% | $79-5.5% |