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| Provider | Service type | Compensation |
|---|---|---|
NOVA 401(K) ASSOCIATES1+ years Filed as: NOVA 401 (K) ASSOCIATES Service code 17 10777 NORTHWEST FREEWAY · HOUSTON, TX 77092 | Pension Consulting | $1,275 |
Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850 | Recordkeeping | $724 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $9,490 | $47,977-80.2% | $154,108-93.8% | $56,289-83.1% |
| Participation rate | 26.5% | 66.2%-39.7pp | 83.0%-56.6pp | 69.9%-43.4pp |
| Annual return | -0.02% | 3.54%-3.6pp | 735.21%-735.2pp | -9.96%+9.9pp |
| Employer contribution / active EE | $446 | $2,169-79.4% | $5,298-91.6% | $2,111-78.9% |
| Participant deferral / active EE | $1,288 | $2,392-46.2% | $5,081-74.7% | $3,350-61.6% |
| Admin fee / account holder | $20 | $438-95.3% | $13,411-99.8% | $521-96.1% |