Filed October 24, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA FINANCIAL ADVISORS Service code 99 | Other Fees | $31,891 |
NOVA 401(K) ASSOCIATES3 years Filed as: NOVA 401K ASSOCIATES Service code 17 · EIN 20-1181458 | Pension Consulting | $21,382 |
Filed as: VOYA FINANCIAL ADVISORS, INC. Service code 27 · EIN 41-0945505 | Advisory (Plan) | $0 |
Service code 26 · EIN 71-0294708 | Advisory (Participants) | $0 |
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 | $37,844 | $65,118-41.9% | $76,767-50.7% | $55,725-32.1% |
| Participation rate | 79.1% | 79.6%-0.5pp | 77.0%+2.1pp | 70.9%+8.2pp |
| Annual return | -4.73% | -1.27%-3.5pp | 2.43%-7.2pp | 244.93%-249.7pp |
| Employer contribution / active EE | $1,971 | $1,941+1.5% | $2,485-20.7% | $2,078-5.2% |
| Participant deferral / active EE | $2,975 | $3,688-19.3% | $3,852-22.8% | $3,356-11.3% |
| Admin fee / account holder | $190 | $116+63.7% | $6,675-97.2% | $115+64.7% |