Filed December 21, 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) ASSOCIATES5 years Filed as: NOVA 401 (K) ASSOCIATES Service code 17 · EIN 20-1181458 10777 NORTHWEST FREEWAY · HOUSTON, TX 77092 | Pension Consulting | $4,021 |
NOVA 401(K) ASSOCIATES1 year Filed as: NOVA 401K ASSOCIATES Service code 13 | Contract Administrator | $3,434 |
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,544 | $69,848-57.7% | $115,756-74.5% | $66,930-55.9% |
| Participation rate | 95.6% | 70.6%+24.9pp | 77.1%+18.5pp | 69.8%+25.8pp |
| Annual return | -19.58% | 969.66%-989.2pp | 143.14%-162.7pp | 1.57%-21.2pp |
| Employer contribution / active EE | $1,912 | $2,613-26.8% | $3,793-49.6% | $2,545-24.9% |
| Participant deferral / active EE | $5,250 | $4,274+22.8% | $6,254-16.1% | $4,238+23.9% |
| Admin fee / account holder | $33 | $337-90.3% | $8,124-99.6% | $593-94.5% |