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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT INSURANCE Service code 27 · EIN 71-0294708 | Advisory (Plan) | $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.
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 | $5,085 | $45,050-88.7% | $63,018-91.9% | $70,126-92.7% |
| Participation rate | 24.1% | 69.5%-45.5pp | 74.8%-50.8pp | 69.5%-45.5pp |
| Annual return | 11.76% | 18.76%-7.0pp | 87.62%-75.9pp | 73.15%-61.4pp |
| Employer contribution / active EE | $0 | $2,052-100.0% | $2,761-100.0% | $2,343-100.0% |
| Participant deferral / active EE | $761 | $2,466-69.1% | $3,330-77.2% | $3,332-77.2% |
| Admin fee / account holder | $40 | $2,834-98.6% | $3,601-98.9% | $4,645-99.1% |