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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $53,257 |
NOVA 401(K) ASSOCIATES2+ years Service code 13 · EIN 20-1181458 10777 NORTHWEST FREEWAY · HOUSTON, TX 77092 | Contract Administrator | $6,775 |
IMS INSURANCE AGENCY2+ years Service code 53 · EIN 76-0474128 | Insurance Commissions | $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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $55,448 | $60,165-7.8% | $74,184-25.3% | $55,167+0.5% |
| Participation rate | 80.9% | 74.2%+6.8pp | 76.6%+4.3pp | 69.0%+11.9pp |
| Annual return | 4.73% | 10.00%-5.3pp | 17.74%-13.0pp | 169.23%-164.5pp |
| Employer contribution / active EE | $3,012 | $1,600+88.3% | $2,370+27.1% | $1,963+53.5% |
| Participant deferral / active EE | $4,982 | $2,973+67.6% | $3,550+40.4% | $3,054+63.1% |
| Admin fee / account holder | $301 | $419-28.2% | $5,586-94.6% | $504-40.3% |