What information is missing from the Voya workpapers?

This article summarizes information that is missing from each of the Voya workpapers in detail.

• Contribution Allocation Testing:
  • The input report does not include the percent elected for allocation, so this information is blank in the AuditMiner workpaper for Voya.  
• Distribution Package  
  • The net distribution is comprised of rollover distribution plus cash distribution.   
  • The distribution input report does not include distribution fees, payee, or participant date of birth.
  • AuditMiner is unable to calculate the age of the participant as the input reports don’t contain the date of birth.
• Investment Disclosure Support 
  • The input report doesn’t include investment ID, ticker symbol, current year shares, current year price, or current year cost. 
• Investment Income Allocation
  • The input reports don’t include the ticker symbol and therefore AuditMiner is unable to populate the Fund Return.
•  Loan Package
  • The Loan Package does not include payment amount, beginning loan balance, unpaid accrued interest, loan default, and payment frequency
•  Rollovers Package
  • •  does not include rollover date, participant elected allocation percent and qualified institution so they will not appear on the output report for Voya.