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| Provider | Service type | Compensation |
|---|---|---|
NOVA 401(K) ASSOCIATES1 year Filed as: NOVA 401K ASSOCIATES, LP Service code 17 · EIN 20-1181458 10777 NORTHWEST FRWY, SUITE 440 · HOUSTON, TX 77092 | Pension Consulting | $6,879 |
Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 26 · EIN 71-0294708 | Advisory (Participants) | $3,949 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $38,684 | $64,909-40.4% | $82,312-53.0% | $62,293-37.9% |
| Participation rate | 58.4% | 74.9%-16.5pp | 76.9%-18.5pp | 69.5%-11.1pp |
| Annual return | 19.44% | 21.18%-1.7pp | 25.88%-6.4pp | 28.90%-9.5pp |
| Employer contribution / active EE | $1,758 | $1,676+4.9% | $2,428-27.6% | $2,042-13.9% |
| Participant deferral / active EE | $2,930 | $3,103-5.6% | $3,706-21.0% | $3,169-7.6% |
| Admin fee / account holder | $75 | $440-82.9% | $5,608-98.7% | $479-84.3% |