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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT INSURANCE AND ANNUI 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 | $6,597 | $45,087-85.4% | $69,483-90.5% | $72,976-91.0% |
| Participation rate | 21.9% | 68.5%-46.6pp | 74.6%-52.7pp | 69.5%-47.6pp |
| Annual return | 17.23% | 22.67%-5.4pp | 28.99%-11.8pp | 81.02%-63.8pp |
| Employer contribution / active EE | $0 | $2,055-100.0% | $2,780-100.0% | $2,440-100.0% |
| Participant deferral / active EE | $843 | $2,603-67.6% | $3,537-76.2% | $3,608-76.6% |
| Admin fee / account holder | $26 | $3,057-99.1% | $3,841-99.3% | $5,124-99.5% |