Filed February 18, 2022
| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA FINANCIAL, INC. Service code 15 · EIN 71-0294708 | Recordkeeping | $7,114,763 |
Filed as: PRUDENTIAL INSURANCE Service code 51 · EIN 22-1211670 | Investment Mgmt Fees | $544,599 |
Filed as: PRUDENTIAL TRUST Service code 51 · EIN 23-6994310 | Investment Mgmt Fees | $176,080 |
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 | $15,329 | $43,471-64.7% | $74,725-79.5% | $89,609-82.9% |
| Participation rate | 88.3% | 36.3%+52.0pp | 54.5%+33.8pp | 69.6%+18.7pp |
| Annual return | 21.19% | 24.97%-3.8pp | 753.24%-732.1pp | 33.65%-12.5pp |
| Employer contribution / active EE | $445 | $554-19.7% | $1,084-59.0% | $2,584-82.8% |
| Participant deferral / active EE | $1,189 | $1,177+1.1% | $1,961-39.4% | $4,222-71.8% |
| Admin fee / account holder | $60 | $74-19.1% | $3,335-98.2% | $72-16.6% |