Plan Snapshot
- Plan Sponsor: Nova Financial & Investment Corporation
- Sponsor EIN: 860415227
- Sponsor Address: 6245 E BROADWAY BLVD, TUCSON, AZ, 85711
- Plan Type: 401(k)
- Total Participants: 335
- Total Assets: $38.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 335 | $38.9M | $300,080 | $2.3M |
| 2023 | 348 | $36.8M | $302,862 | $2.4M |
| 2022 | 465 | $36.7M | $492,355 | $4.4M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| RICHEY MAY & CO. LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RICHEY MAY & CO. LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $69,008 | $60,000 | $9,008 | — | — |
| 2023 | $77,387 | $60,000 | $17,387 | — | — |
| 2022 | $76,221 | $60,000 | $16,221 | — | — |