Filed August 9, 2017 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NOVA 401(K) ASSOCIATES6 years Filed as: NOVA 401K ASSOCIATES Service code 13 · EIN 22-0118145 10777 NORTHWEST FWY · HOUSTON, TX 770927319 | Contract Administrator | $9,479 |
NOVA 401(K) ASSOCIATES3 years Service code 13 | Contract Administrator | $2,181 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $19,200 | $31,741-39.5% | $56,033-65.7% | $199,960-90.4% |
| Participation rate | 7.0% | 32.3%-25.3pp | 52.5%-45.5pp | 72.0%-65.0pp |
| Annual return | 12.98% | 14.72%-1.7pp | 1711.38%-1698.4pp | 34.28%-21.3pp |
| Employer contribution / active EE | $88 | $508-82.6% | $1,041-91.5% | $3,036-97.1% |
| Participant deferral / active EE | $241 | $1,184-79.6% | $1,954-87.7% | $5,087-95.3% |
| Admin fee / account holder | $209 | $426-51.0% | $2,827-92.6% | $269-22.4% |