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| Provider | Service type | Compensation |
|---|---|---|
NOVA 401(K) ASSOCIATES2 years Service code 17 · EIN 20-1181458 | Pension Consulting | $5,720 |
Filed as: MASS MUTUAL Service code 15 · EIN 04-1590850 | Recordkeeping | $2,022 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $8,627 | $69,305-87.6% | $82,313-89.5% | $69,631-87.6% |
| Participation rate | 61.3% | 80.3%-19.0pp | 76.9%-15.6pp | 70.7%-9.4pp |
| Annual return | 20.90% | 21.47%-0.6pp | 25.88%-5.0pp | 27571.02%-27550.1pp |
| Employer contribution / active EE | $798 | $1,887-57.7% | $2,428-67.2% | $2,032-60.8% |
| Participant deferral / active EE | $1,205 | $3,568-66.2% | $3,706-67.5% | $3,224-62.6% |
| Admin fee / account holder | $22 | $97-77.1% | $5,608-99.6% | $110-79.9% |