| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $3,087 |
SOUDERS FINANCIAL ADVISORS LLC1+ years Filed as: SOUDERS FINANCIAL ADVISOR Service code 27 · EIN 82-4516448 | Advisory (Plan) | $983 |
AMERICAN REALTY ADVISORS1+ years Filed as: AMERICAN PENSION SERVICES, LLC Service code 70 · EIN 26-3921633 | Consulting Fees | $532 |
NOVA 401(K) ASSOCIATES1+ years Service code 14 · EIN 20-1181458 | Plan Administrator | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,268 | $79,694-85.9% | $96,188-88.3% | $79,395-85.8% |
| Participation rate | 40.2% | 54.0%-13.8pp | 68.4%-28.3pp | 70.7%-30.5pp |
| Annual return | 0.00% | 40.84%-40.8pp | 192.12%-192.1pp | 116.90%-116.9pp |
| Employer contribution / active EE | $326 | $1,443-77.4% | $2,800-88.4% | $2,428-86.6% |
| Participant deferral / active EE | $991 | $2,539-61.0% | $4,350-77.2% | $4,046-75.5% |
| Admin fee / account holder | $120 | $630-81.0% | $5,538-97.8% | $626-80.9% |