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| Provider | Service type | Compensation |
|---|---|---|
NOVA 401(K) ASSOCIATES4 years Service code 49 · EIN 20-1181458 | Other Services | $7,414 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,218 | $82,979-68.4% | $102,412-74.4% | $77,736-66.3% |
| Participation rate | 68.2% | 71.5%-3.3pp | 74.5%-6.3pp | 70.6%-2.3pp |
| Annual return | 13.49% | 19.11%-5.6pp | 24.94%-11.5pp | 31.26%-17.8pp |
| Employer contribution / active EE | $1,524 | $3,554-57.1% | $3,870-60.6% | $2,728-44.1% |
| Participant deferral / active EE | $1,863 | $4,109-54.7% | $5,060-63.2% | $4,651-59.9% |
| Admin fee / account holder | $52 | $639-91.8% | $8,388-99.4% | $433-87.9% |