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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $1,536 |
NOVA 401(K) ASSOCIATES2+ years Service code 17 · EIN 20-1181458 | Pension Consulting | $0 |
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 | $50,238 | $75,183-33.2% | $123,894-59.5% | $55,167-8.9% |
| Participation rate | 93.9% | 72.8%+21.1pp | 81.4%+12.5pp | 69.0%+24.9pp |
| Annual return | 7.40% | 19.01%-11.6pp | 47.52%-40.1pp | 169.23%-161.8pp |
| Employer contribution / active EE | $1,932 | $2,823-31.6% | $4,617-58.2% | $1,963-1.6% |
| Participant deferral / active EE | $4,884 | $5,084-3.9% | $5,984-18.4% | $3,054+59.9% |
| Admin fee / account holder | $5 | $663-99.2% | $8,357-99.9% | $504-99.0% |