Filed May 19, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $66,421 |
Filed as: COLTON GROOME FINANCIAL ADVISORS, L Service code 27 | Advisory (Plan) | $33,312 |
NOVA 401(K) ASSOCIATES1 year Service code 13 · EIN 20-1181458 | Contract Administrator | $5,375 |
Filed as: COLTON GROOME FINANICAL ADVISORS, L Service code 27 · EIN 36-4540515 | Advisory (Plan) | $0 |
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 | $42,453 | $55,472-23.5% | $155,567-72.7% | $74,546-43.1% |
| Participation rate | 77.9% | 61.9%+16.0pp | 78.2%-0.3pp | 67.2%+10.7pp |
| Annual return | 26.32% | 268.72%-242.4pp | 64.74%-38.4pp | 1366.03%-1339.7pp |
| Employer contribution / active EE | $2,035 | $2,269-10.3% | $4,674-56.5% | $2,624-22.5% |
| Participant deferral / active EE | $3,980 | $2,838+40.2% | $5,628-29.3% | $4,347-8.5% |
| Admin fee / account holder | $313 | $1,743-82.1% | $15,916-98.0% | $1,944-83.9% |