Filed November 18, 2024
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Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 64 · EIN 71-0294708 PO BOX 99067 · HARTFORD, CT 061990067 | Recordkeeping Fees | $16,744 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,494 | $64,119-35.3% | $112,228-63.0% | $66,914-38.0% |
| Participation rate | 66.7% | 68.5%-1.8pp | 75.1%-8.4pp | 69.8%-3.1pp |
| Annual return | -15.77% | -13.81%-2.0pp | 27.45%-43.2pp | 1.58%-17.4pp |
| Employer contribution / active EE | $1,687 | $3,005-43.9% | $3,635-53.6% | $2,544-33.7% |
| Participant deferral / active EE | $2,723 | $3,693-26.3% | $4,728-42.4% | $4,237-35.7% |
| Admin fee / account holder | $22 | $625-96.4% | $6,410-99.6% | $593-96.2% |