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| Provider | Service type | Compensation |
|---|---|---|
NOVA 401(K) ASSOCIATES1 year Service code 99 · EIN 20-1181458 | Other Fees | $9,620 |
Service code 99 · EIN 93-0242990 | Other Fees | $7,290 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,680 | $73,149-69.0% | $120,574-81.2% | $77,736-70.8% |
| Participation rate | 18.7% | 55.2%-36.5pp | 71.9%-53.3pp | 70.6%-51.9pp |
| Annual return | 13.93% | 18.24%-4.3pp | 107.42%-93.5pp | 31.26%-17.3pp |
| Employer contribution / active EE | $520 | $1,793-71.0% | $3,471-85.0% | $2,728-80.9% |
| Participant deferral / active EE | $1,038 | $3,006-65.5% | $4,996-79.2% | $4,651-77.7% |
| Admin fee / account holder | $105 | $660-84.1% | $9,445-98.9% | $433-75.8% |