Filed October 24, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: CETERA ADVISOR NETWORKS Service code 99 · EIN 95-3845382 | Other Fees | $42,288 |
NOVA 401(K) ASSOCIATES1 year Service code 17 · EIN 20-1181458 | Pension Consulting | $27,871 |
MORNINGSTAR1 year Service code 27 | Advisory (Plan) | $2,879 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,404 | $72,303-38.6% | $86,698-48.8% | $64,819-31.5% |
| Participation rate | 85.5% | 80.4%+5.1pp | 76.6%+8.9pp | 71.5%+14.0pp |
| Annual return | -13.51% | 392.77%-406.3pp | 35.95%-49.5pp | 32.84%-46.3pp |
| Employer contribution / active EE | $2,415 | $2,393+0.9% | $2,837-14.9% | $2,507-3.7% |
| Participant deferral / active EE | $3,691 | $4,660-20.8% | $4,656-20.7% | $4,311-14.4% |
| Admin fee / account holder | $318 | $174+82.9% | $7,493-95.8% | $188+69.4% |