Filed September 18, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 02-0488491 | Advisory (Participants) | $6,298 |
MORNINGSTAR7 years Service code 27 · EIN 36-3297908 | Advisory (Plan) | $5,341 |
Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $5,161 |
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 | $75,967 | $101,591-25.2% | $147,096-48.4% | $74,429+2.1% |
| Participation rate | 78.2% | 75.5%+2.7pp | 82.2%-3.9pp | 67.2%+11.0pp |
| Annual return | 16.68% | 8746.45%-8729.8pp | 419.75%-403.1pp | 1368.38%-1351.7pp |
| Employer contribution / active EE | $2,435 | $3,813-36.1% | $4,936-50.7% | $2,625-7.3% |
| Participant deferral / active EE | $11,628 | $7,302+59.2% | $8,071+44.1% | $4,348+167.4% |
| Admin fee / account holder | $24 | $1,750-98.6% | $13,005-99.8% | $1,944-98.8% |