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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA LIFE INSURANCE AND ANNUITY CO Service code 26 · EIN 71-0294708 PO BOX 990067 · HARTFORD, CT 061990067 | Advisory (Participants) | $1,239 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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 | $57,566 | $42,772+34.6% | $87,502-34.2% | $55,167+4.3% |
| Participation rate | 44.9% | 66.5%-21.6pp | 73.8%-28.9pp | 69.0%-24.1pp |
| Annual return | 9.41% | 21.20%-11.8pp | 12.21%-2.8pp | 169.23%-159.8pp |
| Employer contribution / active EE | $451 | $1,277-64.7% | $2,550-82.3% | $1,963-77.0% |
| Participant deferral / active EE | $785 | $2,342-66.5% | $3,149-75.1% | $3,054-74.3% |
| Admin fee / account holder | $31 | $461-93.4% | $4,221-99.3% | $504-93.9% |