Nova Magnetics, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Nova Magnetics, 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 Magnetics, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Nova Magnetics, Inc. under EIN 75-1754900 and plan number 001. The latest loaded filing year is 2023. The filing reports 60 participants and $3,110,304 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Nova Magnetics, Inc.
- EIN
- 75-1754900
- Plan number
- 001
- Plan type
- 3
- Location
- Garland, TX
- Latest filing year
- 2023
- Participants
- 60
- End-of-year plan assets
- $3,110,304
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 60 | I | 20241014161700NAL0015277251001 |
Reported financial statement (2023 · Schedule I)
Net assets
- Total assets (EOY)
- $3,110,304
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,110,304
- Net assets (BOY)
- $2,628,334
Income & contributions
- Employer contributions
- $0
- Participant contributions
- $67,071
- Total income / additions
- $505,740
Expenses & distributions
- Benefits paid
- $22,369
- Administrative expenses
- $1,401
- Total expenses
- $23,770
- Net increase / (decrease)
- $481,970
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.