# Nova Magnetics, INC. 401(k) Plan
Source: https://planprovider.pro/companies/nova-magnetics-inc-401k-plan

> Nova Magnetics, INC.'s 401(k) plan: 0 participants, plan year 2023 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2023.

## Plan Snapshot

- **Plan Sponsor:** Nova Magnetics, INC.

- **Sponsor EIN:** 751754900

- **Sponsor Address:** 1101 EAST WALNUT STREET, GARLAND, TX, 75040

- **Plan Type:** 401(k)

- **Total Participants:** 0

- **Total Assets:** $0

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **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|0|$0|$0|$54,678|

| 2023|66|$3.1M|$0|$67,071|

| 2022|59|$2.6M|$0|$62,702|

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