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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 26 | Advisory (Participants) | $13,550 |
LPL FINANCIAL1 year Service code 99 · EIN 04-3046611 | Other Fees | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $13,223 | $99,957-86.8% | $149,745-91.2% | $73,497-82.0% |
| Participation rate | 60.0% | 75.7%-15.7pp | 82.5%-22.5pp | 70.7%-10.7pp |
| Annual return | 35.84% | 53.87%-18.0pp | 276.72%-240.9pp | 28.51%+7.3pp |
| Employer contribution / active EE | $432 | $3,191-86.5% | $4,646-90.7% | $2,270-81.0% |
| Participant deferral / active EE | $3,971 | $6,073-34.6% | $6,843-42.0% | $3,740+6.2% |
| Admin fee / account holder | $21 | $551-96.2% | $9,312-99.8% | $513-95.9% |