| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 37 · EIN 04-3516284 | Loan Processing | $505,590 |
Filed as: VOYA RETIREMENT ADVISORS Service code 26 · EIN 22-1862786 | Advisory (Participants) | $384,362 |
CAPFINANCIAL PARTNERS LLC4 years Filed as: CAPTRUST FINANCIAL ADVISORS Service code 27 · EIN 56-1984030 | Advisory (Plan) | $86,238 |
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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,984 | $57,150-12.5% | $93,727-46.7% | $106,553-53.1% |
| Participation rate | 10.9% | 49.1%-38.2pp | 68.7%-57.8pp | 69.8%-58.9pp |
| Annual return | 10.87% | 15.81%-4.9pp | 133.83%-123.0pp | 17.37%-6.5pp |
| Employer contribution / active EE | $106 | $1,015-89.6% | $2,421-95.6% | $3,359-96.9% |
| Participant deferral / active EE | $364 | $1,853-80.3% | $4,417-91.8% | $5,562-93.5% |
| Admin fee / account holder | $114 | $64+77.1% | $8,292-98.6% | $80+43.1% |