| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 15 · EIN 04-3516284 | Recordkeeping | $1,281,445 |
Filed as: ALLIANT RETIREMENT SERVICES Service code 16 · EIN 33-0785439 | Consulting | $137,590 |
DARNALL SIKES & FREDERICK3 years Service code 10 · EIN 72-0738838 | Accounting | $30,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,535 | $83,057-66.8% | $143,801-80.9% | $89,433-69.2% |
| Participation rate | 44.9% | 74.0%-29.1pp | 80.3%-35.4pp | 71.3%-26.4pp |
| Annual return | -16.17% | -13.97%-2.2pp | -0.04%-16.1pp | -11.88%-4.3pp |
| Employer contribution / active EE | $514 | $2,095-75.5% | $4,952-89.6% | $3,021-83.0% |
| Participant deferral / active EE | $1,836 | $4,281-57.1% | $5,639-67.4% | $5,125-64.2% |
| Admin fee / account holder | $173 | $83+108.8% | $14,680-98.8% | $79+118.3% |