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) ASSOCIATES2 years Service code 49 · EIN 20-1181458 | Other Services | $5,540 |
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.
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 | $23,060 | $40,278-42.7% | $80,569-71.4% | $80,160-71.2% |
| Participation rate | 9.1% | 47.5%-38.4pp | 67.0%-57.9pp | 72.9%-63.8pp |
| Annual return | 17.26% | 50.86%-33.6pp | 935.43%-918.2pp | 40.38%-23.1pp |
| Employer contribution / active EE | $164 | $1,332-87.7% | $2,723-94.0% | $2,978-94.5% |
| Participant deferral / active EE | $440 | $2,696-83.7% | $4,447-90.1% | $5,017-91.2% |
| Admin fee / account holder | $74 | $210-65.0% | $5,377-98.6% | $145-49.3% |