Filed July 9, 2020 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 37 · EIN 04-3516284 | Loan Processing | $174,931 |
Filed as: VOYA RETIREMENT ADVISORS Service code 26 · EIN 22-1862786 | Advisory (Participants) | $105,006 |
CERITY PARTNERS3 years Filed as: CERITY Service code 26 · EIN 35-2467663 | Advisory (Participants) | $88,459 |
FORVIS, LLP3 years Filed as: FORVIS Service code 10 · EIN 44-0160260 | Accounting | $14,600 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $188,402 | $113,568+65.9% | $67,560+178.9% | $200,096-5.8% |
| Participation rate | 70.3% | 73.3%-3.0pp | 72.9%-2.6pp | 72.0%-1.7pp |
| Annual return | 12.50% | 15.88%-3.4pp | 3533.50%-3521.0pp | 34.26%-21.8pp |
| Employer contribution / active EE | $5,464 | $3,409+60.3% | $2,737+99.7% | $3,038+79.9% |
| Participant deferral / active EE | $4,987 | $4,163+19.8% | $4,004+24.5% | $5,090-2.0% |
| Admin fee / account holder | $332 | $102+224.0% | $3,994-91.7% | $269+23.2% |