Filed May 15, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
MORNINGSTAR2+ years Service code 26 · EIN 36-3297908 P.O. BOX 990063 · HARTFORD, CT 06199 | Advisory (Participants) | $4,455 |
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).
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 | $21,983 | $37,213-40.9% | $156,551-86.0% | $63,975-65.6% |
| Participation rate | 67.2% | 65.0%+2.2pp | 84.0%-16.8pp | 71.1%-4.0pp |
| Annual return | 6.75% | 47.89%-41.1pp | 32.23%-25.5pp | 48.65%-41.9pp |
| Employer contribution / active EE | $507 | $1,357-62.7% | $5,501-90.8% | $2,182-76.8% |
| Participant deferral / active EE | $1,269 | $2,070-38.7% | $4,871-73.9% | $3,356-62.2% |
| Admin fee / account holder | $36 | $56-36.5% | $13,028-99.7% | $70-49.2% |