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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT INS. & ANNUITY CO. Service code 26 · EIN 71-0294708 | Advisory (Participants) | $2,549 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $17,507 | $57,976-69.8% | $63,018-72.2% | $62,293-71.9% |
| Participation rate | 62.3% | 75.9%-13.6pp | 74.8%-12.5pp | 69.5%-7.2pp |
| Annual return | 12.79% | 17.54%-4.8pp | 87.62%-74.8pp | 28.90%-16.1pp |
| Employer contribution / active EE | $2,527 | $2,415+4.6% | $2,761-8.5% | $2,042+23.7% |
| Participant deferral / active EE | $1,418 | $2,956-52.0% | $3,330-57.4% | $3,169-55.2% |
| Admin fee / account holder | $12 | $276-95.6% | $3,601-99.7% | $479-97.5% |