Filed May 22, 2023
Total covered: 400 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT INS AND ANNUITY CO Service code 50 · EIN 71-0294708 | Direct Payment | $6,543 |
AMERICAN FUNDS7+ years Filed as: AMERICAN FUNDS SERVICE COMPANY Service code 28 P.O. BOX 2280 · NORFOLK, VA 23501 | Investment Management | $50 |
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $35,347 | $56,540-37.5% | $185,849-81.0% | $86,821-59.3% |
| Participation rate | 99.9% | 65.5%+34.4pp | 81.7%+18.2pp | 72.3%+27.6pp |
| Annual return | 9.54% | 118.20%-108.7pp | 122.10%-112.6pp | 97.94%-88.4pp |
| Employer contribution / active EE | $1,470 | $1,844-20.3% | $5,169-71.6% | $2,406-38.9% |
| Participant deferral / active EE | $1,679 | $2,555-34.3% | $5,569-69.8% | $4,132-59.4% |
| Admin fee / account holder | $9 | $150-94.1% | $16,244-99.9% | $170-94.8% |