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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT INS AND ANNUITY CO Service code 26 · EIN 71-0294708 | Advisory (Participants) | $375 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $16,822 | $73,102-77.0% | $123,553-86.4% | $56,289-70.1% |
| Participation rate | 58.7% | 74.3%-15.6pp | 82.3%-23.6pp | 69.9%-11.1pp |
| Annual return | -6.77% | 3.01%-9.8pp | 119.21%-126.0pp | -9.96%+3.2pp |
| Employer contribution / active EE | $606 | $2,977-79.6% | $4,628-86.9% | $2,111-71.3% |
| Participant deferral / active EE | $3,690 | $5,423-32.0% | $6,426-42.6% | $3,350+10.2% |
| Admin fee / account holder | $13 | $554-97.7% | $9,284-99.9% | $521-97.6% |