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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $7,011 |
NOVA 401(K) ASSOCIATES3+ years Filed as: NOVA 401K ASSOCIATES Service code 13 · EIN 20-1181458 | Contract Administrator | $5,879 |
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,148 |
WILSHIRE ASSOCIATES INCORPORATED3+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $29,818 | $62,583-52.4% | $76,767-61.2% | $64,173-53.5% |
| Participation rate | 64.9% | 72.8%-7.9pp | 77.0%-12.0pp | 69.6%-4.6pp |
| Annual return | 13.24% | -1.95%+15.2pp | 2.43%+10.8pp | 7.63%+5.6pp |
| Employer contribution / active EE | $0 | $1,832-100.0% | $2,485-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $1,660 | $3,145-47.2% | $3,852-56.9% | $3,470-52.2% |
| Admin fee / account holder | $52 | $4,667-98.9% | $6,675-99.2% | $4,887-98.9% |