2023 Form 5500 filing — Novation Companies, 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 20240923152439NAL0006735875001) for Novation Companies, Inc. 401(K) Plan, reported by Novation Companies, Inc. under EIN 74-2830661 and plan number 001. It reports 176 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240923152439NAL0006735875001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Novation Companies, Inc.
- EIN
- 74-2830661
- Plan number
- 001
- Location
- College Park, GA
- Participants
- 176
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $241,431
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $241,431
- Participant contributions
- $26,759
- Total income / additions
- $520,645
- Benefits paid
- $4,332,471
- Administrative expenses
- $37,994
- Total expenses
- $4,370,465
- Net increase / (decrease)
- -$3,849,820
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Allen, Gibbs & Houlik, Lc. | RECORDKEEPER | $22,368 | not reported in the loaded dataset |
| Agh Wealth Advisors, LLC | INVESTMENT ADVISOR | $15,578 | not reported in the loaded dataset |