Filed April 5, 2021 (most recent of 5 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA INSTITUTIONAL PLAN SVCS LLC Service code 15 · EIN 04-3516284 | Recordkeeping | $657,651 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $143,395 | $191,300-25.0% | $103,065+39.1% | $200,096-28.3% |
| Participation rate | 95.3% | 93.4%+1.9pp | 80.6%+14.7pp | 72.0%+23.3pp |
| Annual return | 11.86% | 15.75%-3.9pp | 23.95%-12.1pp | 34.26%-22.4pp |
| Employer contribution / active EE | $2,899 | $6,666-56.5% | $4,675-38.0% | $3,038-4.6% |
| Participant deferral / active EE | $7,532 | $10,452-27.9% | $6,625+13.7% | $5,090+48.0% |
| Admin fee / account holder | $199 | $115+72.9% | $9,349-97.9% | $269-26.2% |