Nova Technologies, an Employee Owned Engineering 401(k) match, vesting and fees
What Nova Technologies, an Employee Owned Engineering's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Frazier & Deeter, LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 9,213 defined-contribution plans in professional, scientific, and technical services with 100 to 499 participants.
| Nova Technologies, an Employee Owned Engineering: employer contribution per participant | $8,700 | |
| Peer median | $2,521 |
| Nova Technologies, an Employee Owned Engineering: average balance | $134,310 | |
| Peer median | $75,833 |
| Nova Technologies, an Employee Owned Engineering: admin expenses ÷ assets | 0.36% | |
| Peer median | 0.27% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $14.7M at the end of plan year 2021 to $32.9M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 261 | $32.9M | $2.1M | $8,700 | 0.36% | Not published | Form 5500 ↗ |
| 2023 | 255 | $26.1M | $1.8M | $7,422 | 0.29% | Not published | Form 5500 ↗ |
| 2022 | 243 | $16.7M | $1.7M | $7,339 | 0.62% | Not published | Form 5500 ↗ |
| 2021 | 228 | $14.7M | $1.3M | $5,712 | 0.64% | Not published | Form 5500 ↗ |
Other Nova Technologies, an Employee Owned Engineering plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Nova Technologies 401(k) Profit Sharing Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Frazier & Deeter, LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
Common questions
Does Nova Technologies, an Employee Owned Engineering match 401(k) contributions?
The match terms for the Nova Technologies Cba Plan have not been published from its filing yet. The plan year 2024 filing reports $2.1M in employer contributions, about $8,700 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Nova Technologies, an Employee Owned Engineering 401(k) match vested?
The vesting schedule for the Nova Technologies Cba Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Nova Technologies, an Employee Owned Engineering 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Nova Technologies, an Employee Owned Engineering Company.
I left Nova Technologies, an Employee Owned Engineering. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Nova Technologies, an Employee Owned Engineering Company, (850) 914-0002) or the recordkeeper, Empower Annuity Insurance Company. The Nova Technologies, an Employee Owned Engineering old 401(k) page lists the contacts from every plan filing. Find an old Nova Technologies, an Employee Owned Engineering 401(k)
Data from the public Form 5500 annual reports Nova Technologies, an Employee Owned Engineering filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Nova Technologies, an Employee Owned Engineering. Not financial advice. Report a correction · Methodology