See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
See the 10-year trajectory with Solo.
Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
NOVA 401(K) ASSOCIATES1 year Service code 17 · EIN 20-1181458 | Pension Consulting | $31,482 |
Service code 15 · EIN 84-0467907 | Recordkeeping | $30,428 |
Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 26 · EIN 13-5674085 | Advisory (Participants) | $29,301 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $140,750 | $77,660+81.2% | $109,143+29.0% | $79,386+77.3% |
| Participation rate | 63.0% | 67.8%-4.8pp | 75.9%-12.9pp | 70.7%-7.7pp |
| Annual return | 13.00% | 23.44%-10.4pp | 25.75%-12.7pp | 116.85%-103.8pp |
| Employer contribution / active EE | $2,330 | $2,797-16.7% | $3,722-37.4% | $2,427-4.0% |
| Participant deferral / active EE | $2,892 | $3,518-17.8% | $4,653-37.8% | $4,046-28.5% |
| Admin fee / account holder | $794 | $732+8.4% | $6,752-88.2% | $626+26.7% |