Nova Products, Inc. 401(K) Plan — Form 5500 plan (Nova Products, Inc.)

Plain-English plan 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, Nova Products, Inc. 401(K) Plan is a benefit plan reported by Nova Products, Inc. under EIN 45-4319888 and plan number 001. The latest loaded filing year is 2023. The filing reports 25 participants and $3,484,840 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$3.5MPlan net assets, end of year$3,484,840
Participants25Covered participants reported
Assets / participant$139.4KComputed: assets ÷ participants$139,394 (computed)
Provider compensationNone reported
Plan sponsor
Nova Products, Inc.
EIN
45-4319888
Plan number
001
Plan type
2
Location
Forest Grove, OR
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202325I20240626090541NAL0018017714001
Schedule I · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$3.5M total assets
Net assets$3.5MLiabilities
Money in vs. money out
Total income / additions$1.2M
Total expenses$119.2K
Benefits paid / distributions$102.5K
Contributions
Employer$93K
Participant$185.7K
Full reported line items

Net assets

Total assets (EOY)
$3,484,840
Net assets (EOY)
$3,484,840
Net assets (BOY)
$2,367,150

Income & contributions

Employer contributions
$92,976
Participant contributions
$185,722
Total income / additions
$1,236,928

Expenses & distributions

Benefits paid
$102,543
Total expenses
$119,238
Net increase / (decrease)
$1,117,690
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 33%Participant 67%
Total expenses ÷ net assets3%Computed ratio
Benefits paid ÷ total income8%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages