Filed May 15, 2023 (most recent of 2 filings on file)
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
MORNINGSTAR1+ years Service code 26 · EIN 36-3297908 P.O. BOX 990063 · HARTFORD, CT 06199 | Advisory (Participants) | $1,171 |
Filed as: VOYA LIFE INSURANCE & ANNUITY CO. Service code 26 · EIN 71-0294708 P.O. BOX 990063 · HARTFORD, CT 06199 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,090 | $37,039-40.4% | $147,614-85.0% | $59,188-62.7% |
| Participation rate | 61.6% | 63.8%-2.2pp | 84.6%-23.0pp | 69.4%-7.8pp |
| Annual return | 0.23% | 7.19%-7.0pp | 61.98%-61.7pp | 5.51%-5.3pp |
| Employer contribution / active EE | $465 | $1,353-65.6% | $5,564-91.6% | $2,098-77.8% |
| Participant deferral / active EE | $1,278 | $2,094-39.0% | $4,895-73.9% | $3,265-60.9% |
| Admin fee / account holder | $20 | $60-66.4% | $11,611-99.8% | $92-78.1% |