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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,252 | $99,442-33.4% | $113,397-41.6% | $71,012-6.7% |
| Participation rate | 87.8% | 78.9%+8.8pp | 76.5%+11.3pp | 58.6%+29.2pp |
| Annual return | 22.51% | 17.93%+4.6pp | 23.20%-0.7pp | 37.67%-15.2pp |
| Employer contribution / active EE | $2,623 | $3,068-14.5% | $2,977-11.9% | $2,348+11.7% |
| Participant deferral / active EE | $4,033 | $4,915-18.0% | $5,076-20.6% | $3,246+24.2% |
| Admin fee / account holder | $399 | $535-25.3% | $11,957-96.7% | $1,167-65.8% |