Filed April 8, 2015
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 |
|---|---|---|
NOVA 401(K) ASSOCIATES6+ years Service code 13 · EIN 20-1181458 | Contract Administrator | $14,400 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $10,763 |
MCBEE & CO PC1 year Service code 10 · EIN 03-0494890 | Accounting | $10,345 |
Service code 49 · EIN 74-2794194 | Other Services | $5,038 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,075 | $69,362-84.0% | $101,248-89.1% | $73,488-84.9% |
| Participation rate | 77.0% | 68.4%+8.7pp | 75.8%+1.2pp | 70.7%+6.4pp |
| Annual return | 17.01% | 18.46%-1.5pp | 46.47%-29.5pp | 28.51%-11.5pp |
| Employer contribution / active EE | $990 | $2,628-62.3% | $3,660-72.9% | $2,270-56.4% |
| Participant deferral / active EE | $2,195 | $3,300-33.5% | $4,370-49.8% | $3,740-41.3% |
| Admin fee / account holder | $151 | $704-78.6% | $5,945-97.5% | $513-70.6% |