Plan Snapshot
- Plan Sponsor: Nova Technologies, An Employee Owned Engineering Company
- Sponsor EIN: 593425094
- Sponsor Address: 429 SOUTH TYNDALL PARKWAY, PANAMA CITY, FL, 32404
- Plan Type: 401(k)
- Total Participants: 224
- Total Assets: $32.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 224 | $32.9M | $2.1M | $4.0M |
| 2023 | 237 | $26.1M | $1.8M | $4.0M |
| 2022 | 235 | $16.7M | $1.7M | $3.6M |
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 |
|---|---|---|---|---|
| FRAZIER & DEETER, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FRAZIER & DEETER, LLC — 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 | $105,100 | — | — | — | — |
| 2023 | $62,640 | — | — | — | — |
| 2022 | $96,707 | — | $96,707 | — | — |