Filed October 19, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT INSURANCE AND Service code 26 · EIN 71-0294708 ANNUITY COMPANY · HARTFORD, CT 061990067 | Advisory (Participants) | $2,869 |
MORNINGSTAR2 years Service code 26 · EIN 36-4317831 | Advisory (Participants) | $2,677 |
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 | $25,831 | $31,424-17.8% | $81,478-68.3% | $69,631-62.9% |
| Participation rate | 31.9% | 50.8%-19.0pp | 68.0%-36.1pp | 70.7%-38.8pp |
| Annual return | 18.66% | 22.44%-3.8pp | 38.78%-20.1pp | 27571.02%-27552.4pp |
| Employer contribution / active EE | $635 | $1,029-38.3% | $2,568-75.3% | $2,032-68.7% |
| Participant deferral / active EE | $2,773 | $1,838+50.9% | $3,537-21.6% | $3,224-14.0% |
| Admin fee / account holder | $45 | $103-56.2% | $4,561-99.0% | $110-59.3% |