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| Provider | Service type | Compensation |
|---|---|---|
NOVA 401(K) ASSOCIATES1 year Filed as: NOVA 401(K) ASSOCIATES LP Service code 13 | Contract Administrator | $9,849 |
Filed as: AXA ADVISORS LLC Service code 27 | Advisory (Plan) | $3,127 |
Service code 27 · EIN 26-4311657 | Advisory (Plan) | $447 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $350 |
Filed as: GREAT-WEST LIFE & ANNUITY Service code 64 · EIN 84-0467907 | Recordkeeping Fees | $311 |
NOVA 401(K) ASSOCIATES1 year Service code 13 · EIN 20-1181458 | Contract Administrator | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $53,298 | $60,396-11.8% | $111,392-52.2% | $56,287-5.3% |
| Participation rate | 45.1% | 72.4%-27.3pp | 78.9%-33.7pp | 69.9%-24.7pp |
| Annual return | -6.06% | 20.26%-26.3pp | -2.06%-4.0pp | -9.96%+3.9pp |
| Employer contribution / active EE | $1,719 | $3,459-50.3% | $4,328-60.3% | $2,111-18.6% |
| Participant deferral / active EE | $2,426 | $4,421-45.1% | $5,567-56.4% | $3,350-27.6% |
| Admin fee / account holder | $15 | $610-97.5% | $12,266-99.9% | $521-97.1% |