| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 15 · EIN 04-3516284 | Recordkeeping | $12,147,736 |
ADP BROKER-DEALER8+ years Filed as: ADP TOTALSOURCE Service code 14 · EIN 59-2452823 | Plan Administrator | $4,502,834 |
Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 02-0488491 | Advisory (Participants) | $3,625,738 |
NFP RETIREMENT INC8+ years Filed as: NFP RETIREMENT Service code 27 · EIN 33-0905143 | Advisory (Plan) | $186,200 |
PROSKAUER ROSE LLP8+ years Service code 29 · EIN 13-1840454 | Legal | $158,773 |
CROWE LLP5 years Service code 10 · EIN 35-0921680 | Accounting | $136,650 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,249 | $90,672-54.5% | $125,401-67.1% | $89,433-53.9% |
| Participation rate | 40.7% | 72.3%-31.6pp | 82.4%-41.7pp | 71.3%-30.6pp |
| Annual return | -21.09% | -6.42%-14.7pp | 572.53%-593.6pp | -11.88%-9.2pp |
| Employer contribution / active EE | $1,079 | $3,032-64.4% | $4,816-77.6% | $3,021-64.3% |
| Participant deferral / active EE | $2,903 | $7,210-59.7% | $7,448-61.0% | $5,125-43.4% |
| Admin fee / account holder | $175 | $69+153.3% | $10,008-98.3% | $79+120.2% |