Nova Technologies 401(K) Profit Sharing Plan — Form 5500 plan (Nova Technologies, An Employee Owned Engineering Company)
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 Technologies 401(K) Profit Sharing Plan is a benefit plan reported by Nova Technologies, An Employee Owned Engineering Company under EIN 59-3425094 and plan number 001. The latest loaded filing year is 2023. The filing reports 136 participants and $16,165,744 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Nova Technologies, An Employee Owned Engineering Company
- EIN
- 59-3425094
- Plan number
- 001
- Plan type
- 2
- Location
- Tallahassee, FL
- Latest filing year
- 2023
- Participants
- 136
- End-of-year plan assets
- $16,165,744
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 136 | H, C | 20250501145125NAL0002096675001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $16,165,744
- Total liabilities (EOY)
- $1,034
- Net assets (EOY)
- $16,164,710
- Net assets (BOY)
- $13,861,133
Income & contributions
- Employer contributions
- $324,186
- Participant contributions
- $913,344
- Total contributions
- $1,237,530
- Total income / additions
- $3,978,576
Expenses & distributions
- Benefits paid
- $1,625,515
- Administrative expenses
- $45,739
- Total expenses
- $1,674,999
- Net increase / (decrease)
- $2,303,577
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Merrill Lynch | CONSULTANT | $32,096 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $9,649 | $0 | 2023 |
| Empower Advisory Group, LLC | ADVISOR | $2,899 | not reported in the loaded dataset | 2023 |
| Martin, Martin, Randall & Assoc | TPA | $1,469 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Nova Technologies, An Employee Owned Engineering Company
- 2023 Form 5500 filing
- Form 5500 filings in FL
- 401(k) and benefit plan filings in Tallahassee, FL
- Merrill Lynch — Schedule C compensation
- Empower Annuity Insurance Company — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation
- Martin, Martin, Randall & Assoc — Schedule C compensation