Filed November 24, 1998
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.
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASS MUTUAL LIFE INSURANCE CO Service code 15 · EIN 04-1590850 | Recordkeeping | $1,165 |
NOVA 401(K) ASSOCIATES1 year Service code 17 · EIN 20-1181458 | Pension Consulting | $0 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $25,162 | $63,905-60.6% | $74,184-66.1% | $57,658-56.4% |
| Participation rate | 97.6% | 79.8%+17.8pp | 76.6%+21.0pp | 70.2%+27.3pp |
| Annual return | 6.81% | 60.60%-53.8pp | 17.74%-10.9pp | 5.13%+1.7pp |
| Employer contribution / active EE | $2,862 | $1,840+55.5% | $2,370+20.7% | $1,974+45.0% |
| Participant deferral / active EE | $1,473 | $3,448-57.3% | $3,550-58.5% | $3,061-51.9% |
| Admin fee / account holder | $135 | $91+48.3% | $5,586-97.6% | $95+42.8% |