| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 15 · EIN 04-3516284 | Recordkeeping | $1,440,859 |
Filed as: ALLIANT RETIREMENT SERVICES Service code 16 · EIN 33-0785439 | Consulting | $153,097 |
DARNALL SIKES & FREDERICK4 years Service code 10 · EIN 72-0738838 | Accounting | $33,000 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $34,622 | $68,330-49.3% | $149,740-76.9% | $96,393-64.1% |
| Participation rate | 33.8% | 74.6%-40.8pp | 78.8%-45.0pp | 71.3%-37.5pp |
| Annual return | 18.42% | 29.64%-11.2pp | 134.51%-116.1pp | 22.88%-4.5pp |
| Employer contribution / active EE | $401 | $2,139-81.3% | $4,821-91.7% | $3,239-87.6% |
| Participant deferral / active EE | $1,438 | $4,422-67.5% | $5,683-74.7% | $5,455-73.6% |
| Admin fee / account holder | $200 | $52+284.8% | $13,222-98.5% | $74+170.8% |