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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 27 · EIN 13-5674085 | Advisory (Plan) | $67,068 |
NOVA 401(K) ASSOCIATES9+ years Service code 13 | Contract Administrator | $12,716 |
NOVA 401(K) ASSOCIATES3 years Filed as: NOVA 401K ASSOCIATES Service code 13 · EIN 20-1181458 | Contract Administrator | $4,625 |
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 | $100,820 | $91,439+10.3% | $135,974-25.9% | $71,511+41.0% |
| Participation rate | 98.7% | 75.7%+23.0pp | 81.9%+16.8pp | 67.9%+30.8pp |
| Annual return | 15.40% | 29.90%-14.5pp | 68.30%-52.9pp | 28.86%-13.5pp |
| Employer contribution / active EE | $2,591 | $3,705-30.1% | $4,859-46.7% | $2,589+0.1% |
| Participant deferral / active EE | $7,403 | $7,093+4.4% | $7,760-4.6% | $4,291+72.5% |
| Admin fee / account holder | $410 | $1,267-67.6% | $10,767-96.2% | $1,588-74.2% |