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| Provider | Service type | Compensation |
|---|---|---|
Filed as: IFP ADVISORS, INC. Service code 99 · EIN 59-3331424 | Other Fees | $26,047 |
MORNINGSTAR1+ years Service code 27 | Advisory (Plan) | $1,921 |
Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 26 · EIN 71-0294708 | Advisory (Participants) | $525 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,003 | $41,467-56.6% | $67,313-73.3% | $55,725-67.7% |
| Participation rate | 49.8% | 62.5%-12.7pp | 69.1%-19.3pp | 70.9%-21.0pp |
| Annual return | 121.84% | 0.82%+121.0pp | -4.08%+125.9pp | 244.93%-123.1pp |
| Employer contribution / active EE | $395 | $1,316-70.0% | $2,566-84.6% | $2,078-81.0% |
| Participant deferral / active EE | $1,432 | $2,399-40.3% | $3,568-59.9% | $3,356-57.3% |
| Admin fee / account holder | $19 | $102-80.9% | $4,507-99.6% | $115-83.1% |