Filed July 23, 2014 (most recent of 3 filings on file)
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 |
|---|---|---|
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Service code 15 · EIN 13-3689044 | Recordkeeping | $219,090 |
Filed as: PENSIONMARK SECURITIES, LLC Service code 22 · EIN 81-2334025 | Insurance Broker | $82,402 |
NOVA 401(K) ASSOCIATES10+ years Filed as: NOVA 401(K) ASSOCIATES LP Service code 15 · EIN 20-1181458 | Recordkeeping | $50,205 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,216 | $199,960-84.4% | $69,623-55.2% | $199,960-84.4% |
| Participation rate | 64.9% | 72.0%-7.1pp | 66.4%-1.6pp | 72.0%-7.1pp |
| Annual return | 12.78% | 34.28%-21.5pp | 101.23%-88.4pp | 34.28%-21.5pp |
| Employer contribution / active EE | $3,505 | $3,036+15.4% | $1,709+105.1% | $3,036+15.4% |
| Participant deferral / active EE | $1,268 | $5,087-75.1% | $2,890-56.1% | $5,087-75.1% |
| Admin fee / account holder | $145 | $269-46.3% | $4,696-96.9% | $269-46.3% |