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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 28 · EIN 13-5674085 | Investment Management | $67,525 |
Service code 15 · EIN 84-0467907 | Recordkeeping | $55,025 |
NOVA 401(K) ASSOCIATES1 year Filed as: NOVA 401K ASSOCIATES Service code 17 · EIN 20-1181458 | Pension Consulting | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $109,069 | $104,482+4.4% | $159,455-31.6% | $79,393+37.4% |
| Participation rate | 97.7% | 76.6%+21.1pp | 82.8%+14.9pp | 70.7%+27.0pp |
| Annual return | 13.49% | 67.96%-54.5pp | 263.63%-250.1pp | 116.87%-103.4pp |
| Employer contribution / active EE | $2,280 | $3,416-33.3% | $4,830-52.8% | $2,428-6.1% |
| Participant deferral / active EE | $6,488 | $6,467+0.3% | $7,353-11.8% | $4,046+60.4% |
| Admin fee / account holder | $500 | $711-29.7% | $10,800-95.4% | $627-20.2% |