Filed November 16, 2012
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 13 · EIN 04-3516284 | Contract Administrator | $1,585,490 |
STATE STREET GLOBAL ADVISORS5 years Filed as: STATE STREET GLOBAL ADVISORS TRUST Service code 51 · EIN 81-4017137 | Investment Mgmt Fees | $244,627 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $50,320 | $55,785-9.8% | $96,583-47.9% | $106,520-52.8% |
| Participation rate | 54.4% | 53.4%+1.0pp | 69.8%-15.4pp | 71.3%-16.9pp |
| Annual return | 15.89% | 17.66%-1.8pp | 37.79%-21.9pp | 19.28%-3.4pp |
| Employer contribution / active EE | $247 | $1,042-76.3% | $2,357-89.5% | $2,840-91.3% |
| Participant deferral / active EE | $1,627 | $1,782-8.7% | $3,850-57.7% | $4,948-67.1% |
| Admin fee / account holder | $13 | $59-77.7% | $6,184-99.8% | $75-82.5% |