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.
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) ASSOCIATES3 years Service code 27 | Advisory (Plan) | $40,268 |
Filed as: MASS MUTUAL LIFE INSURANCE CO Service code 15 · EIN 04-1590850 | Recordkeeping | $1,020 |
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).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,778 | $65,118-61.9% | $76,768-67.7% | $55,725-55.5% |
| Participation rate | 99.1% | 79.6%+19.4pp | 77.0%+22.1pp | 70.9%+28.2pp |
| Annual return | -5.90% | -1.27%-4.6pp | 2.43%-8.3pp | 244.93%-250.8pp |
| Employer contribution / active EE | $3,141 | $1,941+61.8% | $2,485+26.4% | $2,078+51.1% |
| Participant deferral / active EE | $1,709 | $3,688-53.7% | $3,852-55.6% | $3,356-49.1% |
| Admin fee / account holder | $129 | $116+11.8% | $6,675-98.1% | $115+12.4% |