Nova 401(K) Plan — Form 5500 plan (Nova Ventures Group Corp.)
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 401(K) Plan is a benefit plan reported by Nova Ventures Group Corp. under EIN 27-2321831 and plan number 001. The latest loaded filing year is 2023. The filing reports 271 participants and $21,099,357 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Nova Ventures Group Corp.
- EIN
- 27-2321831
- Plan number
- 001
- Plan type
- 3
- Location
- Wakefield, MA
- Latest filing year
- 2023
- Participants
- 271
- End-of-year plan assets
- $21,099,357
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 271 | H, C | 20241004121956NAL0012202049001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $21,099,357
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $21,099,357
- Net assets (BOY)
- $19,230,634
Income & contributions
- Employer contributions
- $332,140
- Participant contributions
- $739,319
- Total contributions
- $1,296,126
- Total income / additions
- $4,383,383
Expenses & distributions
- Benefits paid
- $2,510,815
- Administrative expenses
- $1,615
- Total expenses
- $2,514,660
- Net increase / (decrease)
- $1,868,723
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Morgan Stanley Smith Barney | BROKER/ADVISER | $0 | $48,893 | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $1,601 | $0 | 2023 |