Filed January 18, 2016
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: ALERA INVESTMENT ADVISORS Service code 99 · EIN 81-4473358 | Other Fees | $44,262 |
NOVA 401(K) ASSOCIATES6+ years Service code 49 10777 NORTHWEST FWY · HOUSTON, TX 77092 | Other Services | $8,463 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $90,776 | $87,870+3.3% | $113,168-19.8% | $74,304+22.2% |
| Participation rate | 84.1% | 70.7%+13.4pp | 76.6%+7.6pp | 60.3%+23.8pp |
| Annual return | 16.13% | 26.44%-10.3pp | 24.27%-8.1pp | 29.43%-13.3pp |
| Employer contribution / active EE | $2,917 | $2,277+28.1% | $2,975-1.9% | $2,241+30.2% |
| Participant deferral / active EE | $6,406 | $4,241+51.1% | $5,107+25.4% | $3,767+70.1% |
| Admin fee / account holder | $338 | $3,368-90.0% | $12,068-97.2% | $2,969-88.6% |