Plan Snapshot
- Plan Sponsor: Nova Group, Gbc
- Sponsor EIN: 411580923
- Sponsor Address: 5320 WEST 23RD STREET., ST. LOUIS PARK, MN, 55416
- Plan Type: 401(k)
- Total Participants: 251
- Total Assets: $27.4M
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 | 251 | $27.4M | $203,503 | $2.1M |
| 2023 | 238 | $27.0M | $210,537 | $2.1M |
| 2022 | 241 | $22.3M | $219,825 | $2.1M |
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 |
|---|---|---|---|---|
| COPELAND BUHL & COMPANY PLLP | Auditor | — | — | $0 |
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 | $53,545 | $29,113 | $24,432 | — | — |
| 2023 | $48,473 | $44,232 | $4,241 | — | — |
| 2022 | $43,129 | $37,120 | $6,009 | — | — |