2023 Form 5500 filing — Novatec, Inc. 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240905085921NAL0010278739001) for Novatec, Inc. 401(K) Plan, reported by Novatec, Inc. under EIN 52-0815915 and plan number 003. It reports 132 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240905085921NAL0010278739001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Novatec, Inc.
- EIN
- 52-0815915
- Plan number
- 003
- Location
- Baltimore, MD
- Participants
- 132
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,900,272
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,900,272
- Employer contributions
- $299,624
- Participant contributions
- $585,363
- Total income / additions
- $2,686,239
- Benefits paid
- $649,261
- Administrative expenses
- $71,721
- Total expenses
- $723,997
- Net increase / (decrease)
- $1,962,242
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Creative Financial Group | INVESTMENT ADVISOR | $28,764 | not reported in the loaded dataset |
| Professional Capital Services, LLC. | CONTRACT ADMINISTRATOR | $23,781 | not reported in the loaded dataset |
| Newsquare Capital, LLC | INVESTMENT MANAGEMENT | $19,176 | not reported in the loaded dataset |