Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
Service code 64 · EIN 84-0467907 | Recordkeeping Fees | $37,223 |
Filed as: INNOVATIVE PARTNERS LLC Service code 55 | Other Commissions | $16,429 |
NOVA 401(K) ASSOCIATES1 year Filed as: NOVA 401K ASSOCIATES Service code 13 | Contract Administrator | $15,686 |
INNOVATION PARTNERS LLC3+ years Filed as: INNOVATION PARTNERS, LLC Service code 55 5950 FAIRVIEW RD STE 806 · CHARLOTTE, NC 28210 | Other Commissions | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $80,665 | $49,177+64.0% | $79,467+1.5% | $64,173+25.7% |
| Participation rate | 60.3% | 65.0%-4.8pp | 73.3%-13.1pp | 69.6%-9.3pp |
| Annual return | -4.73% | -1.16%-3.6pp | 718.30%-723.0pp | 7.63%-12.4pp |
| Employer contribution / active EE | $0 | $2,076-100.0% | $2,800-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $4,606 | $2,821+63.3% | $3,704+24.4% | $3,470+32.7% |
| Admin fee / account holder | $599 | $3,839-84.4% | $5,104-88.3% | $4,887-87.7% |