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| Provider | Service type | Compensation |
|---|---|---|
NOVA 401(K) ASSOCIATES1 year Service code 49 10777 NORTHWEST FWY · HOUSTON, TX 77092 | Other Services | $15,863 |
Service code 64 · EIN 39-6040276 | Recordkeeping Fees | $12,138 |
Filed as: VOYA RETIREMENT INS AND ANNUITY CO Service code 26 · EIN 71-0294708 | Advisory (Participants) | $5,755 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,326 | $42,367-66.2% | $79,580-82.0% | $64,819-77.9% |
| Participation rate | 61.8% | 64.7%-2.9pp | 69.5%-7.7pp | 71.5%-9.7pp |
| Annual return | -9.55% | -12.23%+2.7pp | 0.15%-9.7pp | 32.84%-42.4pp |
| Employer contribution / active EE | $4 | $1,181-99.7% | $2,413-99.8% | $2,507-99.8% |
| Participant deferral / active EE | $2,606 | $3,170-17.8% | $3,985-34.6% | $4,311-39.5% |
| Admin fee / account holder | $58 | $160-63.7% | $6,835-99.2% | $188-69.1% |