| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 15 · EIN 04-3516284 | Recordkeeping | $1,263,318 |
Filed as: ALLIANT RETIREMENT SERVICES Service code 16 · EIN 33-0785439 | Consulting | $211,396 |
DARNALL SIKES & FREDERICK2 years Service code 10 · EIN 72-0738838 | Accounting | $90,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $30,527 | $68,062-55.1% | $185,854-83.6% | $106,520-71.3% |
| Participation rate | 47.7% | 75.2%-27.5pp | 81.7%-34.0pp | 71.3%-23.6pp |
| Annual return | 17.02% | 18.20%-1.2pp | 122.12%-105.1pp | 19.28%-2.3pp |
| Employer contribution / active EE | $485 | $1,997-75.7% | $5,169-90.6% | $2,840-82.9% |
| Participant deferral / active EE | $1,711 | $3,990-57.1% | $5,569-69.3% | $4,948-65.4% |
| Admin fee / account holder | $190 | $53+259.9% | $16,246-98.8% | $75+154.7% |