Filed February 18, 2021
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT INS & ANNUITY CO Service code 26 · EIN 71-0294708 | Advisory (Participants) | $147 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $16,023 | $30,599-47.6% | $74,583-78.5% | $57,658-72.2% |
| Participation rate | 3.8% | 49.1%-45.3pp | 68.1%-64.3pp | 70.2%-66.4pp |
| Annual return | 6.61% | 14.24%-7.6pp | 20.47%-13.9pp | 5.13%+1.5pp |
| Employer contribution / active EE | $0 | $1,000-100.0% | $2,525-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $117 | $1,805-93.5% | $3,458-96.6% | $3,061-96.2% |
| Admin fee / account holder | $18 | $98-82.1% | $4,138-99.6% | $95-81.4% |