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| Provider | Service type | Compensation |
|---|---|---|
NOVA 401(K) ASSOCIATES2 years Service code 13 10777 NORTHWEST FREEWAY · HOUSTON, TX 77092 | Contract Administrator | $12,903 |
Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359 | Advisory (Plan) | $10,951 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $14,194 | $55,470-74.4% | $155,556-90.9% | $74,478-80.9% |
| Participation rate | 37.4% | 61.9%-24.5pp | 78.2%-40.8pp | 67.2%-29.8pp |
| Annual return | 17.81% | 269.80%-252.0pp | 64.84%-47.0pp | 1370.56%-1352.8pp |
| Employer contribution / active EE | $552 | $2,267-75.7% | $4,675-88.2% | $2,626-79.0% |
| Participant deferral / active EE | $2,353 | $2,838-17.1% | $5,631-58.2% | $4,350-45.9% |
| Admin fee / account holder | $128 | $1,744-92.6% | $15,885-99.2% | $1,946-93.4% |