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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA RETIREMENT SOLUTIONS, Service code 15 · EIN 13-3689044 | Recordkeeping | $68,198 |
Filed as: TRANSAMERICA FINANCIAL ADVISORS INC Service code 22 · EIN 95-3809372 | Insurance Broker | $52,478 |
NOVA 401(K) ASSOCIATES2 years Filed as: NOVA 401(K) ASSOCIATES LP Service code 15 · EIN 20-1181458 | Recordkeeping | $6,766 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $32,699 | $79,519-58.9% | $95,960-65.9% | $73,412-55.5% |
| Participation rate | 56.8% | 81.2%-24.3pp | 77.1%-20.2pp | 72.2%-15.3pp |
| Annual return | 23.41% | 19.20%+4.2pp | 91.63%-68.2pp | 59.30%-35.9pp |
| Employer contribution / active EE | $1,216 | $2,048-40.6% | $2,541-52.1% | $2,234-45.5% |
| Participant deferral / active EE | $2,460 | $4,138-40.6% | $4,167-41.0% | $3,806-35.4% |
| Admin fee / account holder | $164 | $184-11.0% | $6,797-97.6% | $158+3.9% |