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| Provider | Service type | Compensation |
|---|---|---|
Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 26 · EIN 71-0294708 | Advisory (Participants) | $27,981 |
NOVA 401(K) ASSOCIATES4+ years Service code 49 · EIN 20-1181458 | Other Services | $5,487 |
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $26,204 | $81,948-68.0% | $90,766-71.1% | $64,824-59.6% |
| Participation rate | 89.8% | 80.5%+9.4pp | 75.7%+14.1pp | 71.5%+18.3pp |
| Annual return | -17.60% | -12.53%-5.1pp | -12.16%-5.4pp | 32.84%-50.4pp |
| Employer contribution / active EE | $2,934 | $3,067-4.4% | $2,922+0.4% | $2,507+17.0% |
| Participant deferral / active EE | $4,487 | $4,844-7.4% | $4,565-1.7% | $4,311+4.1% |
| Admin fee / account holder | $63 | $157-60.2% | $8,446-99.3% | $188-66.7% |