Filed October 28, 2024
Total covered: 12 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT INS & ANNUITY CO Service code 49 | Other Services | $50,548 |
Service code 49 P.O. BOX 54 · FRANKLIN SQ, NY 11010 | Other Services | $0 |
Filed as: ECONOMIC GROUP PENSION SERVICES LLC Service code 49 · EIN 13-3180178 7734 EXCELSIOR RD STE 102 · BAXTER, MN 56425 | Other Services | $0 |
Filed as: RAYMOND JAMES FINANCIAL SERVICE Service code 99 · EIN 59-2937883 | Other Fees | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,104 | $122,042-59.8% | $184,260-73.4% | $74,459-34.1% |
| Participation rate | 16.5% | 85.5%-68.9pp | 86.8%-70.3pp | 67.2%-50.7pp |
| Annual return | 16.90% | 19.91%-3.0pp | 28.84%-11.9pp | 1369.70%-1352.8pp |
| Employer contribution / active EE | $4,529 | $4,537-0.2% | $6,427-29.5% | $2,626+72.5% |
| Participant deferral / active EE | $7,807 | $7,143+9.3% | $9,133-14.5% | $4,350+79.5% |
| Admin fee / account holder | $2,205 | $1,252+76.1% | $13,898-84.1% | $1,945+13.4% |