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| Provider | Service type | Compensation |
|---|---|---|
Service code 99 · EIN 04-2675571 | Other Fees | $4,664 |
MORNINGSTAR4+ years Service code 26 · EIN 36-4317381 | Advisory (Participants) | $1,816 |
Filed as: VOYA RETIREMENT INS & ANNUITY CO. Service code 26 · EIN 71-0294708 | Advisory (Participants) | $1,816 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
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 | $34,113 | $65,378-47.8% | $87,103-60.8% | $65,186-47.7% |
| Participation rate | 61.9% | 75.3%-13.5pp | 76.9%-15.0pp | 70.2%-8.3pp |
| Annual return | 20.71% | 31.28%-10.6pp | 28.19%-7.5pp | 29.39%-8.7pp |
| Employer contribution / active EE | $1,629 | $1,823-10.6% | $2,521-35.4% | $2,177-25.2% |
| Participant deferral / active EE | $2,998 | $3,389-11.5% | $4,049-25.9% | $3,514-14.7% |
| Admin fee / account holder | $33 | $520-93.7% | $7,491-99.6% | $847-96.1% |