Filed October 24, 2022
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| Provider | Service type | Compensation |
|---|---|---|
NOVA 401(K) ASSOCIATES4 years Service code 49 · EIN 20-1181458 10777 NORTHWEST FREEWAY · HOUSTON, TX 77092 | Other Services | $36,933 |
CETERA ADVISOR NETWORKS LLC4 years Filed as: CETERA ADVISOR NETWORKS Service code 99 · EIN 95-3845382 | Other Fees | $36,700 |
Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 02-0488491 | Advisory (Participants) | $10,087 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $66,252 | $98,727-32.9% | $113,168-41.5% | $85,563-22.6% |
| Participation rate | 87.8% | 80.8%+7.0pp | 76.6%+11.2pp | 66.0%+21.8pp |
| Annual return | 22.51% | 17.43%+5.1pp | 24.27%-1.8pp | 31.51%-9.0pp |
| Employer contribution / active EE | $2,623 | $2,907-9.8% | $2,975-11.8% | $2,654-1.2% |
| Participant deferral / active EE | $4,033 | $5,424-25.7% | $5,107-21.0% | $4,375-7.8% |
| Admin fee / account holder | $399 | $357+12.0% | $12,068-96.7% | $834-52.1% |