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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT & ANNUITY COMPANY Service code 26 · EIN 71-0294708 | Advisory (Participants) | $1,585 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $54,215 | $79,523-31.8% | $140,019-61.3% | $56,287-3.7% |
| Participation rate | 66.3% | 85.7%-19.5pp | 87.5%-21.2pp | 69.9%-3.6pp |
| Annual return | 17.26% | 2.39%+14.9pp | 651.15%-633.9pp | -9.96%+27.2pp |
| Employer contribution / active EE | $883 | $3,350-73.7% | $5,605-84.3% | $2,111-58.2% |
| Participant deferral / active EE | $3,676 | $5,129-28.3% | $6,927-46.9% | $3,350+9.7% |
| Admin fee / account holder | $46 | $614-92.5% | $10,705-99.6% | $521-91.2% |