Filed December 12, 2024
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| Provider | Service type | Compensation |
|---|---|---|
DEFINITI LLC1+ years Service code 49 | Other Services | $4,180 |
Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 02-0488491 | Advisory (Participants) | $1,366 |
MORNINGSTAR1+ years Service code 27 | Advisory (Plan) | $1,365 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $42,262 | $73,397-42.4% | $178,014-76.3% | $74,546-43.3% |
| Participation rate | 78.8% | 66.6%+12.2pp | 77.1%+1.7pp | 67.2%+11.6pp |
| Annual return | 80.08% | 17.49%+62.6pp | 294.80%-214.7pp | 1366.03%-1286.0pp |
| Employer contribution / active EE | $347 | $2,217-84.4% | $3,950-91.2% | $2,624-86.8% |
| Participant deferral / active EE | $4,732 | $4,512+4.9% | $6,276-24.6% | $4,347+8.8% |
| Admin fee / account holder | $300 | $1,809-83.4% | $10,362-97.1% | $1,944-84.6% |