Plan5500

Novatec, Inc. 401(K) Plan — Form 5500 plan (Novatec, 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, Novatec, Inc. 401(K) Plan is a benefit plan reported by Novatec, Inc. under EIN 52-0815915 and plan number 003. The latest loaded filing year is 2023. The filing reports 132 participants and $10,900,272 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Novatec, Inc.
EIN
52-0815915
Plan number
003
Plan type
2
Location
Baltimore, MD
Latest filing year
2023
Participants
132
End-of-year plan assets
$10,900,272

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023132H, C20240905085921NAL0010278739001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$10,900,272
Total liabilities (EOY)
$0
Net assets (EOY)
$10,900,272
Net assets (BOY)
$8,938,030

Income & contributions

Employer contributions
$299,624
Participant contributions
$585,363
Total contributions
$884,987
Total income / additions
$2,686,239

Expenses & distributions

Benefits paid
$649,261
Administrative expenses
$71,721
Total expenses
$723,997
Net increase / (decrease)
$1,962,242

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Creative Financial GroupINVESTMENT ADVISOR$28,764not reported in the loaded dataset2023
Professional Capital Services, LLC.CONTRACT ADMINISTRATOR$23,781not reported in the loaded dataset2023
Newsquare Capital, LLCINVESTMENT MANAGEMENT$19,176not reported in the loaded dataset2023

Related Form 5500 pages