Filed February 18, 2022
| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA FINANCIAL, INC. Service code 15 · EIN 71-0294708 | Recordkeeping | $7,171,000 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,020 | $34,910-62.7% | $59,496-78.1% | $69,651-81.3% |
| Participation rate | 84.5% | 37.9%+46.6pp | 54.6%+29.9pp | 66.6%+17.9pp |
| Annual return | -0.02% | 0.39%-0.4pp | 182.05%-182.1pp | 53.77%-53.8pp |
| Employer contribution / active EE | $410 | $496-17.3% | $1,153-64.4% | $2,241-81.7% |
| Participant deferral / active EE | $979 | $1,077-9.0% | $1,829-46.5% | $3,635-73.1% |
| Admin fee / account holder | $65 | $60+9.5% | $2,232-97.1% | $63+3.4% |