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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 21 · EIN 04-3516284 | Bank Trustee | $3,069,177 |
Filed as: VOYA RETIREMENT ADVISORS Service code 26 · EIN 02-0488491 | Advisory (Participants) | $2,610,448 |
MERCER6 years Filed as: MERCER (US) INC Service code 16 · EIN 13-2834414 | Consulting | $103,050 |
NEWPORT GROUP, INC.8 years Filed as: NEWPORT TRUST COMPANY Service code 16 · EIN 27-4411131 | Consulting | $82,500 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant 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 | $65,101 | $166,271-60.8% | $100,712-35.4% | $166,271-60.8% |
| Participation rate | 34.7% | 79.1%-44.4pp | 69.3%-34.6pp | 79.1%-44.4pp |
| Annual return | 16.18% | 15.58%+0.6pp | 33.27%-17.1pp | 15.58%+0.6pp |
| Employer contribution / active EE | $749 | $4,136-81.9% | $2,313-67.6% | $4,136-81.9% |
| Participant deferral / active EE | $1,608 | $7,214-77.7% | $4,085-60.6% | $7,214-77.7% |
| Admin fee / account holder | $83 | $445-81.3% | $9,256-99.1% | $445-81.3% |