Filed May 14, 2020
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 9-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 ADVISORS Service code 26 · EIN 22-1862786 | Advisory (Participants) | $240,444 |
Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 37 · EIN 04-3516284 | Loan Processing | $134,336 |
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,085 | $97,018-44.3% | $149,696-63.9% | $106,222-49.1% |
| Participation rate | 78.3% | 67.0%+11.3pp | 82.5%-4.2pp | 70.8%+7.5pp |
| Annual return | 15.80% | 24.13%-8.3pp | 276.60%-260.8pp | 21.69%-5.9pp |
| Employer contribution / active EE | $3,761 | $2,520+49.3% | $4,644-19.0% | $2,723+38.1% |
| Participant deferral / active EE | $3,216 | $5,988-46.3% | $6,842-53.0% | $4,600-30.1% |
| Admin fee / account holder | $103 | $72+43.1% | $9,309-98.9% | $78+31.5% |