Filed August 18, 2020 (most recent of 2 filings on file)
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.
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
NOVA 401(K) ASSOCIATES5 years Service code 13 | Contract Administrator | $1,166 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,002 | $52,293-27.3% | $178,490-78.7% | $73,409-48.2% |
| Participation rate | 35.5% | 65.3%-29.9pp | 81.9%-46.4pp | 72.2%-36.7pp |
| Annual return | 17.55% | 34.75%-17.2pp | 151.07%-133.5pp | 59.29%-41.7pp |
| Employer contribution / active EE | $1,005 | $1,735-42.1% | $5,011-79.9% | $2,234-55.0% |
| Participant deferral / active EE | $1,745 | $2,332-25.2% | $5,202-66.4% | $3,805-54.1% |
| Admin fee / account holder | $147 | $127+15.4% | $13,984-98.9% | $158-6.9% |