Filed October 19, 2022
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| Provider | Service type | Compensation |
|---|---|---|
MORNINGSTAR1 year Service code 26 · EIN 36-3300389 | Advisory (Participants) | $1,984 |
Filed as: VOYA RETIREMENT INSURANCE AND Service code 26 · EIN 71-0294708 ANNUITY COMPANY · HARTFORD, CT 061990067 | Advisory (Participants) | $1,984 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,169 | $30,599-24.3% | $74,583-68.9% | $57,658-59.8% |
| Participation rate | 29.0% | 49.1%-20.1pp | 68.1%-39.1pp | 70.2%-41.2pp |
| Annual return | 5.96% | 14.24%-8.3pp | 20.47%-14.5pp | 5.13%+0.8pp |
| Employer contribution / active EE | $599 | $1,000-40.1% | $2,525-76.3% | $1,974-69.7% |
| Participant deferral / active EE | $2,433 | $1,805+34.8% | $3,458-29.6% | $3,061-20.5% |
| Admin fee / account holder | $41 | $98-58.4% | $4,138-99.0% | $95-56.9% |