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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $69,174 |
Filed as: ROYAL ALLIANCE ASSOCIATES, INC. Service code 27 · EIN 93-0987232 | Advisory (Plan) | $34,917 |
NOVA 401(K) ASSOCIATES2 years Filed as: NOVA 401K ASSOCIATES Service code 13 · EIN 20-1181458 | Contract Administrator | $8,459 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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.
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 | $33,079 | $129,159-74.4% | $184,243-82.0% | $77,714-57.4% |
| Participation rate | 54.7% | 87.4%-32.7pp | 86.8%-32.2pp | 70.6%-15.9pp |
| Annual return | 14.10% | 33.22%-19.1pp | 28.82%-14.7pp | 31.26%-17.2pp |
| Employer contribution / active EE | $0 | $4,410-100.0% | $6,427-100.0% | $2,727-100.0% |
| Participant deferral / active EE | $6,516 | $7,305-10.8% | $9,132-28.6% | $4,649+40.2% |
| Admin fee / account holder | $255 | $256-0.2% | $13,914-98.2% | $433-41.1% |