| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 15 · EIN 04-3516284 | Recordkeeping | $954,074 |
Filed as: ALLIANT RETIREMENT SERVICES Service code 16 · EIN 33-0785439 | Consulting | $200,212 |
Service code 10 · EIN 72-0738838 | Accounting | $53,618 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,952 | $66,513-61.0% | $178,510-85.5% | $106,273-75.6% |
| Participation rate | 47.0% | 73.8%-26.8pp | 81.9%-34.9pp | 70.8%-23.8pp |
| Annual return | 46.64% | 21.81%+24.8pp | 151.13%-104.5pp | 21.70%+24.9pp |
| Employer contribution / active EE | $447 | $1,776-74.8% | $5,011-91.1% | $2,722-83.6% |
| Participant deferral / active EE | $1,477 | $3,679-59.9% | $5,202-71.6% | $4,601-67.9% |
| Admin fee / account holder | $141 | $53+164.4% | $13,988-99.0% | $78+80.4% |