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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 27 · EIN 13-5674085 | Advisory (Plan) | $82,715 |
NOVA 401(K) ASSOCIATES10+ years Service code 13 | Contract Administrator | $15,322 |
NOVA 401(K) ASSOCIATES4 years Filed as: NOVA 401K ASSOCIATES Service code 13 · EIN 20-1181458 | Contract Administrator | $5,570 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $111,279 | $101,672+9.4% | $147,117-24.4% | $74,478+49.4% |
| Participation rate | 97.9% | 75.5%+22.4pp | 82.2%+15.7pp | 67.2%+30.7pp |
| Annual return | 15.71% | 8757.83%-8742.1pp | 420.54%-404.8pp | 1370.56%-1354.9pp |
| Employer contribution / active EE | $2,820 | $3,813-26.1% | $4,932-42.8% | $2,626+7.4% |
| Participant deferral / active EE | $8,082 | $7,305+10.6% | $8,065+0.2% | $4,350+85.8% |
| Admin fee / account holder | $491 | $1,753-72.0% | $12,993-96.2% | $1,946-74.8% |