Filed December 7, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 99 · EIN 71-0294708 | Other Fees | $1,825 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $55,996 | $50,902+10.0% | $155,534-64.0% | $77,736-28.0% |
| Participation rate | 47.3% | 63.1%-15.8pp | 78.2%-30.9pp | 70.6%-23.3pp |
| Annual return | 17.82% | 34.85%-17.0pp | 64.92%-47.1pp | 31.26%-13.4pp |
| Employer contribution / active EE | $790 | $1,991-60.3% | $4,675-83.1% | $2,728-71.0% |
| Participant deferral / active EE | $3,186 | $2,824+12.8% | $5,630-43.4% | $4,651-31.5% |
| Admin fee / account holder | $4 | $437-99.1% | $15,900-100.0% | $433-99.1% |