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| Provider | Service type | Compensation |
|---|---|---|
NOVA 401(K) ASSOCIATES4 years Service code 13 · EIN 20-1181458 | Contract Administrator | $8,135 |
Service code 15 · EIN 84-0467907 | Recordkeeping | $7,410 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $43,271 | $65,453-33.9% | $86,698-50.1% | $66,938-35.4% |
| Participation rate | 66.1% | 75.5%-9.4pp | 76.6%-10.5pp | 69.8%-3.8pp |
| Annual return | -15.96% | -10.89%-5.1pp | 35.95%-51.9pp | 1.58%-17.5pp |
| Employer contribution / active EE | $873 | $2,154-59.5% | $2,837-69.2% | $2,545-65.7% |
| Participant deferral / active EE | $3,248 | $4,102-20.8% | $4,656-30.2% | $4,238-23.4% |
| Admin fee / account holder | $144 | $642-77.5% | $7,493-98.1% | $594-75.7% |