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| Provider | Service type | Compensation |
|---|---|---|
MORNINGSTAR1 year Service code 26 · EIN 36-3298908 P.O. BOX 990063 · HARTFORD, CT 06199 | Advisory (Participants) | $94 |
Filed as: VOYA LIFE INSURANCE & ANNUITY CO. Service code 26 · EIN 71-0294708 P.O. BOX 990067 · HARTFORD, CT 06199 | Advisory (Participants) | $0 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $48,848 | $58,726-16.8% | $92,240-47.0% | $62,293-21.6% |
| Participation rate | 85.0% | 68.3%+16.6pp | 76.5%+8.5pp | 69.5%+15.5pp |
| Annual return | 7.36% | 43.62%-36.3pp | 176.29%-168.9pp | 28.90%-21.5pp |
| Employer contribution / active EE | $5,787 | $2,392+142.0% | $3,680+57.3% | $2,042+183.4% |
| Participant deferral / active EE | $1,180 | $2,766-57.3% | $3,897-69.7% | $3,169-62.8% |
| Admin fee / account holder | $49 | $556-91.2% | $5,194-99.1% | $479-89.8% |