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| Provider | Service type | Compensation |
|---|---|---|
Service code 64 · EIN 39-6040276 | Recordkeeping Fees | $8,433 |
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $1,605 |
NOVA 401(K) ASSOCIATES1 year Service code 17 · EIN 20-1181458 | Pension Consulting | $100 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $45,987 | $65,376-29.7% | $87,104-47.2% | $65,185-29.5% |
| Participation rate | 62.7% | 75.3%-12.6pp | 76.9%-14.1pp | 70.2%-7.5pp |
| Annual return | 14.66% | 31.27%-16.6pp | 28.19%-13.5pp | 29.38%-14.7pp |
| Employer contribution / active EE | $692 | $1,822-62.0% | $2,521-72.6% | $2,177-68.2% |
| Participant deferral / active EE | $3,029 | $3,388-10.6% | $4,048-25.2% | $3,514-13.8% |
| Admin fee / account holder | $58 | $520-88.8% | $7,491-99.2% | $847-93.1% |