Filed April 3, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $59,555 |
QUALIFIED PLANS, LLC5 years Filed as: QUALIFIED PLAN CONSULTANTS, LLC Service code 17 4949 WESTOWN PKWY · WEST DES MOINES, IA 50266 | Pension Consulting | $11,039 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,520 | $40,278-46.6% | $80,627-73.3% | $80,157-73.2% |
| Participation rate | 18.1% | 47.5%-29.4pp | 67.0%-48.9pp | 72.9%-54.8pp |
| Annual return | 19.08% | 50.86%-31.8pp | 936.76%-917.7pp | 40.39%-21.3pp |
| Employer contribution / active EE | $205 | $1,332-84.6% | $2,723-92.5% | $2,977-93.1% |
| Participant deferral / active EE | $722 | $2,696-73.2% | $4,443-83.8% | $5,015-85.6% |
| Admin fee / account holder | $126 | $210-40.3% | $5,381-97.7% | $145-13.4% |