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Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
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Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 13-3689044 | Recordkeeping | $46,626 |
NOVA 401(K) ASSOCIATES1 year Filed as: NOVA 401(K) ASSOCIATES LP Service code 15 · EIN 20-1181458 | Recordkeeping | $19,983 |
Filed as: BANK OF AMERICA NA Service code 27 · EIN 13-5674085 | Advisory (Plan) | $12,539 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return 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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,759 | $79,171-58.6% | $102,423-68.0% | $74,495-56.0% |
| Participation rate | 39.7% | 74.8%-35.1pp | 76.5%-36.8pp | 67.2%-27.5pp |
| Annual return | -25.16% | 54.93%-80.1pp | 29.32%-54.5pp | 1364.94%-1390.1pp |
| Employer contribution / active EE | $1,307 | $2,362-44.7% | $3,023-56.8% | $2,623-50.2% |
| Participant deferral / active EE | $5,221 | $4,415+18.3% | $5,053+3.3% | $4,346+20.2% |
| Admin fee / account holder | $747 | $2,001-62.6% | $9,451-92.1% | $1,942-61.5% |