Filed February 19, 2021 (most recent of 7 filings on file)
Total covered: 34 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 99 · EIN 04-3516284 | Other Fees | $138,000 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $78,000 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,856 | $104,631-61.0% | $98,462-58.5% | $80,187-49.0% |
| Participation rate | 87.1% | 87.5%-0.5pp | 75.2%+11.9pp | 72.9%+14.1pp |
| Annual return | 21.17% | 34.72%-13.6pp | 21.20%0pp | 40.40%-19.2pp |
| Employer contribution / active EE | $103 | $4,517-97.7% | $3,049-96.6% | $2,980-96.5% |
| Participant deferral / active EE | $4,180 | $6,545-36.1% | $4,738-11.8% | $5,016-16.7% |
| Admin fee / account holder | $64 | $105-38.8% | $8,875-99.3% | $145-55.8% |