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| Provider | Service type | Compensation |
|---|---|---|
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $64,158 |
NOVA 401(K) ASSOCIATES2 years Filed as: NOVA 401(K) ASSOCIATES LP Service code 15 · EIN 20-1181458 | Recordkeeping | $18,574 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,860 | $93,010-80.8% | $96,515-81.5% | $74,460-76.0% |
| Participation rate | 58.2% | 71.6%-13.4pp | 74.3%-16.2pp | 70.7%-12.6pp |
| Annual return | 13.86% | 37.50%-23.6pp | 35.73%-21.9pp | 34.38%-20.5pp |
| Employer contribution / active EE | $1,294 | $3,427-62.2% | $3,740-65.4% | $2,638-51.0% |
| Participant deferral / active EE | $2,790 | $3,971-29.7% | $4,880-42.8% | $4,530-38.4% |
| Admin fee / account holder | $304 | $633-52.0% | $6,735-95.5% | $348-12.6% |