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| Provider | Service type | Compensation |
|---|---|---|
RED BANK PENSION SERVICES, INC.4+ years Service code 49 · EIN 22-2755716 1161 BROAD STREET · SHREWSBURY, NJ 07702 | Other Services | $6,619 |
Filed as: VOYA RETIREMENT INS. & ANNUITY CO. Service code 26 · EIN 71-0294708 | Advisory (Participants) | $3,851 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $86,844 | $107,218-19.0% | $115,768-25.0% | $79,634+9.1% |
| Participation rate | 35.8% | 76.8%-41.0pp | 74.4%-38.6pp | 62.5%-26.7pp |
| Annual return | 14.90% | 15.41%-0.5pp | 100.46%-85.6pp | 36.46%-21.6pp |
| Employer contribution / active EE | $1,680 | $3,627-53.7% | $2,940-42.9% | $2,529-33.6% |
| Participant deferral / active EE | $3,265 | $5,091-35.9% | $4,917-33.6% | $3,835-14.9% |
| Admin fee / account holder | $359 | $576-37.7% | $12,439-97.1% | $1,002-64.2% |