Filed July 12, 2021 (most recent of 3 filings on file)
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 26 · EIN 71-0294708 | Advisory (Participants) | $281,633 |
Service code 99 · EIN 57-0323645 | Other Fees | $185,223 |
MORNINGSTAR2 years Service code 27 · EIN 36-3297908 | Advisory (Plan) | $37,045 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $136,631 | $111,491+22.5% | $189,513-27.9% | $86,799+57.4% |
| Participation rate | 97.4% | 87.3%+10.1pp | 87.8%+9.6pp | 72.3%+25.2pp |
| Annual return | 14.88% | 83.50%-68.6pp | 555.15%-540.3pp | 97.91%-83.0pp |
| Employer contribution / active EE | $5,442 | $3,951+37.7% | $6,162-11.7% | $2,405+126.3% |
| Participant deferral / active EE | $6,304 | $6,437-2.1% | $8,221-23.3% | $4,131+52.6% |
| Admin fee / account holder | $735 | $189+289.4% | $12,045-93.9% | $170+333.4% |