Filed October 24, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA FINANCIAL ADVISORS Service code 99 | Other Fees | $30,855 |
NOVA 401(K) ASSOCIATES2 years Filed as: NOVA 401K ASSOCIATES Service code 17 · EIN 20-1181458 | Pension Consulting | $21,233 |
Filed as: VOYA FINANCIAL ADVISORS, INC. Service code 27 · EIN 41-0945505 | Advisory (Plan) | $0 |
Service code 26 · EIN 71-0294708 | Advisory (Participants) | $0 |
Annual investment return is in the bottom quintile of the peer cohort.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,018 | $69,305-40.8% | $82,312-50.2% | $69,631-41.1% |
| Participation rate | 73.3% | 80.3%-7.0pp | 76.9%-3.6pp | 70.7%+2.6pp |
| Annual return | 14.19% | 21.47%-7.3pp | 25.88%-11.7pp | 27571.02%-27556.8pp |
| Employer contribution / active EE | $1,719 | $1,887-8.9% | $2,428-29.2% | $2,032-15.4% |
| Participant deferral / active EE | $2,684 | $3,568-24.8% | $3,706-27.6% | $3,224-16.7% |
| Admin fee / account holder | $200 | $97+106.2% | $5,608-96.4% | $110+81.5% |