Filed February 18, 2022
| Provider | Service type | Compensation |
|---|---|---|
VOYA RETIREMENT INSURANCE & ANNUITY10+ years Filed as: VOYA FINANCIAL, INC. Service code 15 · EIN 71-0294708 | Recordkeeping | $7,147,197 |
Filed as: PRUDENTIAL INSURANCE CO. Service code 51 · EIN 22-1211670 | Investment Mgmt Fees | $298,762 |
Filed as: PRUDENTIAL TRUST CO. Service code 51 · EIN 23-6994310 | Investment Mgmt Fees | $166,138 |
STATE STREET GLOBAL ADVISORS5 years Filed as: STATE STREET GLOBAL ADVISORS TRUST Service code 51 · EIN 81-4017137 | Investment Mgmt Fees | $127,602 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $28,327 | $52,172-45.7% | $56,025-49.4% | $106,553-73.4% |
| Participation rate | 58.8% | 32.5%+26.3pp | 52.5%+6.3pp | 69.8%-11.0pp |
| Annual return | 17.59% | 17.21%+0.4pp | 1712.69%-1695.1pp | 17.37%+0.2pp |
| Employer contribution / active EE | $399 | $613-34.9% | $1,042-61.7% | $3,359-88.1% |
| Participant deferral / active EE | $887 | $1,424-37.7% | $1,955-54.6% | $5,562-84.1% |
| Admin fee / account holder | $90 | $90-0.9% | $2,828-96.8% | $80+12.6% |