Filed February 18, 2022
| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA FINANCIAL, INC. Service code 15 · EIN 71-0294708 | Recordkeeping | $3,822,807 |
Filed as: PRUDENTIAL INSURANCE Service code 51 · EIN 22-1211670 | Investment Mgmt Fees | $571,440 |
Filed as: PRUDENTIAL TRUST Service code 51 · EIN 23-6994310 | Investment Mgmt Fees | $193,302 |
STATE STREET GLOBAL ADVISORS2 years Filed as: STATE STREET GLOBAL ADVISORS TRUST Service code 51 · EIN 81-4017137 | Investment Mgmt Fees | $127,707 |
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 | $25,902 | $51,728-49.9% | $80,793-67.9% | $106,520-75.7% |
| Participation rate | 88.7% | 33.9%+54.8pp | 54.2%+34.5pp | 71.3%+17.4pp |
| Annual return | 13.54% | 32.29%-18.8pp | 87.33%-73.8pp | 19.28%-5.7pp |
| Employer contribution / active EE | $523 | $460+13.9% | $1,160-54.9% | $2,840-81.6% |
| Participant deferral / active EE | $1,452 | $1,076+35.0% | $2,144-32.3% | $4,948-70.6% |
| Admin fee / account holder | $51 | $80-36.1% | $3,375-98.5% | $75-31.1% |