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| Provider | Service type | Compensation |
|---|---|---|
MORNINGSTAR1 year Service code 26 · EIN 36-4317381 | Advisory (Participants) | $23 |
Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 26 · EIN 71-0294708 | Advisory (Participants) | $23 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $31,459 | $69,305-54.6% | $82,312-61.8% | $69,631-54.8% |
| Participation rate | 41.3% | 80.3%-38.9pp | 76.9%-35.6pp | 70.7%-29.3pp |
| Annual return | 26.78% | 21.47%+5.3pp | 25.88%+0.9pp | 27571.02%-27544.2pp |
| Employer contribution / active EE | $0 | $1,887-100.0% | $2,428-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $2,132 | $3,568-40.3% | $3,706-42.5% | $3,224-33.9% |
| Admin fee / account holder | $27 | $97-72.4% | $5,608-99.5% | $110-75.7% |