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| Provider | Service type | Compensation |
|---|---|---|
Service code 99 · EIN 04-2675571 | Other Fees | $17,666 |
MORNINGSTAR5+ years Service code 26 · EIN 36-4317381 | Advisory (Participants) | $493 |
Filed as: VOYA RETIREMENT INS & ANNUITY CO. Service code 26 · EIN 71-0294708 | Advisory (Participants) | $493 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $29,752 | $73,638-59.6% | $95,964-69.0% | $73,497-59.5% |
| Participation rate | 66.9% | 76.2%-9.3pp | 77.1%-10.2pp | 70.7%-3.8pp |
| Annual return | 9.64% | 16.78%-7.1pp | 91.64%-82.0pp | 28.51%-18.9pp |
| Employer contribution / active EE | $613 | $1,863-67.1% | $2,541-75.9% | $2,270-73.0% |
| Participant deferral / active EE | $2,826 | $3,617-21.9% | $4,167-32.2% | $3,740-24.4% |
| Admin fee / account holder | $21 | $482-95.7% | $6,797-99.7% | $513-96.0% |