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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 36-6071399 | Recordkeeping | $97,373 |
Filed as: MAGNOLIA CAPITAL ADVISORS LLC Service code 27 · EIN 83-1488684 | Advisory (Plan) | $32,579 |
NOVA 401(K) ASSOCIATES6 years Filed as: NOVA 401(K) ASSOCIATES LP Service code 15 · EIN 20-1181458 | Recordkeeping | $22,374 |
Service code 14 · EIN 46-2919997 | Plan Administrator | $12,075 |
Filed as: RAYMOND JAMES AND ASSOCIATES INC Service code 27 · EIN 59-1237041 | Advisory (Plan) | $2,441 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,626 | $65,908-62.6% | $81,812-69.9% | $77,643-68.3% |
| Participation rate | 53.3% | 65.8%-12.5pp | 72.3%-19.1pp | 70.6%-17.3pp |
| Annual return | -32.68% | 26.64%-59.3pp | 773.79%-806.5pp | 31.24%-63.9pp |
| Employer contribution / active EE | $1,069 | $2,370-54.9% | $2,912-63.3% | $2,726-60.8% |
| Participant deferral / active EE | $1,812 | $3,505-48.3% | $4,319-58.1% | $4,647-61.0% |
| Admin fee / account holder | $398 | $526-24.3% | $7,386-94.6% | $430-7.4% |