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| Provider | Service type | Compensation |
|---|---|---|
NOVA 401(K) ASSOCIATES1 year Filed as: NOVA 401K ASSOCIATES Service code 17 · EIN 20-1181458 | Pension Consulting | $3,360 |
Filed as: VOYA RETIREMENT INSUR AND ANN CO. Service code 26 · EIN 71-0294708 | Advisory (Participants) | $1,680 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $59,862 | $56,640+5.7% | $80,977-26.1% | $57,658+3.8% |
| Participation rate | 44.8% | 75.9%-31.0pp | 75.8%-31.0pp | 70.2%-25.4pp |
| Annual return | 9.55% | 19.97%-10.4pp | 17.11%-7.6pp | 5.13%+4.4pp |
| Employer contribution / active EE | $0 | $2,085-100.0% | $3,715-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $2,758 | $4,944-44.2% | $5,696-51.6% | $3,061-9.9% |
| Admin fee / account holder | $73 | $87-16.6% | $5,517-98.7% | $95-23.1% |