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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 | $1,066 |
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $634 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return 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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $6,974 | $59,191-88.2% | $76,767-90.9% | $56,289-87.6% |
| Participation rate | 71.5% | 75.2%-3.7pp | 77.0%-5.5pp | 69.9%+1.6pp |
| Annual return | -10.08% | 6.62%-16.7pp | 2.43%-12.5pp | -9.96%-0.1pp |
| Employer contribution / active EE | $225 | $1,759-87.2% | $2,485-91.0% | $2,111-89.4% |
| Participant deferral / active EE | $1,323 | $3,255-59.4% | $3,852-65.7% | $3,350-60.5% |
| Admin fee / account holder | $9 | $489-98.1% | $6,675-99.9% | $521-98.2% |