Filed May 20, 1991
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $41,131 |
NOVA 401(K) ASSOCIATES1 year Service code 13 · EIN 20-1181458 | Contract Administrator | $10,000 |
Service code 27 · EIN 61-1758632 | Advisory (Plan) | $6,656 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $193,681 | $99,957+93.8% | $149,745+29.3% | $73,497+163.5% |
| Participation rate | 73.5% | 75.7%-2.2pp | 82.5%-9.0pp | 70.7%+2.8pp |
| Annual return | 13.24% | 53.87%-40.6pp | 276.72%-263.5pp | 28.51%-15.3pp |
| Employer contribution / active EE | $2,971 | $3,191-6.9% | $4,646-36.1% | $2,270+30.9% |
| Participant deferral / active EE | $4,944 | $6,073-18.6% | $6,843-27.8% | $3,740+32.2% |
| Admin fee / account holder | $318 | $551-42.3% | $9,312-96.6% | $513-38.1% |