Filed December 13, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT INS & ANNUITY CO Service code 27 · EIN 71-0294708 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $50,553 | $55,449-8.8% | $83,830-39.7% | $56,287-10.2% |
| Participation rate | 53.3% | 68.0%-14.7pp | 76.1%-22.9pp | 69.9%-16.6pp |
| Annual return | -5.99% | -1.38%-4.6pp | 850.97%-857.0pp | -9.96%+4.0pp |
| Employer contribution / active EE | $1,571 | $2,430-35.4% | $3,631-56.7% | $2,111-25.6% |
| Participant deferral / active EE | $3,106 | $2,935+5.8% | $4,082-23.9% | $3,350-7.3% |
| Admin fee / account holder | $24 | $656-96.3% | $5,479-99.6% | $521-95.4% |