Filed April 5, 2021 (most recent of 5 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA INSTITUTIONAL PLAN SVCS LLC Service code 15 · EIN 04-3516284 | Recordkeeping | $647,149 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $131,908 | $153,281-13.9% | $93,789+40.6% | $77,904+69.3% |
| Participation rate | 94.9% | 92.2%+2.6pp | 81.0%+13.9pp | 73.7%+21.2pp |
| Annual return | -18.45% | -5.55%-12.9pp | -11.33%-7.1pp | 12.21%-30.7pp |
| Employer contribution / active EE | $2,635 | $5,690-53.7% | $4,323-39.0% | $2,848-7.5% |
| Participant deferral / active EE | $7,344 | $9,364-21.6% | $6,094+20.5% | $4,806+52.8% |
| Admin fee / account holder | $206 | $114+80.4% | $7,195-97.1% | $133+55.3% |