Filed March 17, 2016
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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| Provider | Service type | Compensation |
|---|---|---|
NOVA 401(K) ASSOCIATES2 years Service code 49 | Other Services | $2,352 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 | Advisory (Participants) | $0 |
Filed as: VOYA RETIREMENT INSURANCE ANNUITY Service code 26 · EIN 71-0294708 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,369 | $65,083-62.6% | $143,788-83.1% | $66,930-63.6% |
| Participation rate | 48.7% | 65.2%-16.5pp | 80.3%-31.6pp | 69.8%-21.1pp |
| Annual return | -17.27% | -11.13%-6.1pp | -0.03%-17.2pp | 1.57%-18.8pp |
| Employer contribution / active EE | $648 | $2,361-72.6% | $4,952-86.9% | $2,545-74.5% |
| Participant deferral / active EE | $1,067 | $2,920-63.4% | $5,638-81.1% | $4,238-74.8% |
| Admin fee / account holder | $274 | $502-45.4% | $14,675-98.1% | $593-53.8% |