Filed April 29, 2020 (most recent of 3 filings on file)
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
MORNINGSTAR1+ years Service code 26 · EIN 36-3297908 | Advisory (Participants) | $2,618 |
Filed as: VOYA FINANCIAL ADVISORS Service code 55 · EIN 06-1375177 | Other Commissions | $0 |
Filed as: VOYA RETIREMENT INS & ANN COMPANY Service code 26 · EIN 71-0294708 | Advisory (Participants) | $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.
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 | $43,755 | $37,039+18.1% | $147,617-70.4% | $59,188-26.1% |
| Participation rate | 38.4% | 63.8%-25.3pp | 84.6%-46.2pp | 69.4%-31.0pp |
| Annual return | 3.03% | 7.19%-4.2pp | 61.98%-59.0pp | 5.51%-2.5pp |
| Employer contribution / active EE | $0 | $1,353-100.0% | $5,564-100.0% | $2,098-100.0% |
| Participant deferral / active EE | $2,399 | $2,094+14.6% | $4,895-51.0% | $3,265-26.5% |
| Admin fee / account holder | $12 | $60-80.1% | $11,612-99.9% | $92-87.0% |