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| Provider | Service type | Compensation |
|---|---|---|
Filed as: GREAT LAKES PENSION ASSOCIATES Service code 12 · EIN 38-2438760 | Other fees; Participant loan processi... | $4,100 |
Filed as: VOYA RETIREMENT INS AND ANNUITY CO. Service code 26 · EIN 71-0294708 | Advisory (Participants) | $1,168 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381 | Advisory (Participants) | $39 |
MORNINGSTAR4 years Service code 27 · EIN 36-3297908 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $30,676 | $79,519-61.4% | $95,964-68.0% | $73,412-58.2% |
| Participation rate | 36.4% | 81.2%-44.8pp | 77.1%-40.7pp | 72.2%-35.8pp |
| Annual return | 14.94% | 19.20%-4.3pp | 91.64%-76.7pp | 59.30%-44.4pp |
| Employer contribution / active EE | $0 | $2,048-100.0% | $2,541-100.0% | $2,234-100.0% |
| Participant deferral / active EE | $2,437 | $4,138-41.1% | $4,167-41.5% | $3,806-36.0% |
| Admin fee / account holder | $41 | $184-77.8% | $6,797-99.4% | $158-74.1% |