Filed March 14, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $5,496 |
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 | $43,264 | $84,499-48.8% | $125,391-65.5% | $66,949-35.4% |
| Participation rate | 98.3% | 76.4%+21.9pp | 82.4%+15.9pp | 69.8%+28.5pp |
| Annual return | -17.67% | -8.49%-9.2pp | 572.41%-590.1pp | 1.57%-19.2pp |
| Employer contribution / active EE | $1,747 | $3,554-50.8% | $4,816-63.7% | $2,545-31.4% |
| Participant deferral / active EE | $7,235 | $6,785+6.6% | $7,448-2.9% | $4,239+70.7% |
| Admin fee / account holder | $37 | $685-94.6% | $10,009-99.6% | $594-93.7% |