Filed November 30, 2004
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
NOVA 401(K) ASSOCIATES1 year Service code 17 · EIN 20-1181458 | Pension Consulting | $5,462 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,982 | $37,317-46.5% | $77,024-74.1% | $77,904-74.4% |
| Participation rate | 9.1% | 46.9%-37.7pp | 67.9%-58.8pp | 73.7%-64.5pp |
| Annual return | -18.17% | -5.88%-12.3pp | 42.32%-60.5pp | 12.21%-30.4pp |
| Employer contribution / active EE | $162 | $1,218-86.7% | $2,812-94.2% | $2,848-94.3% |
| Participant deferral / active EE | $422 | $2,564-83.6% | $4,426-90.5% | $4,806-91.2% |
| Admin fee / account holder | $65 | $126-48.3% | $5,425-98.8% | $133-50.9% |