NOVA 401(K) PLAN
- Address: 500 EDGEWATER DRIVE, SUITE 585,,WAKEFIELD,MA
- Contact person: JANET BARBOOKLES
- Phone: (781) 897-1216
| Investment Options of NOVA 401(K) PLAN (as of 2022) |
|---|
| INVESCO STABLE VALUE TRUST V (INVESCO TRUST COMPANY) |
| MORLEY STABLE VALUE FUND (PRINCIPAL GLOBAL INVESTORS TRUST COMPANY) |
NOVA 401(K) PLAN has the following features:
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
At the end of 2022, the total retirement plan assets of NOVA 401(K) PLAN is $19,230,634.00.This plan was established in 2004.
At the end of 2022, the total number of retirement plan participants in NOVA 401(K) PLAN is 262
In 2022, the average participant retirement account value for NOVA 401(K) PLAN is $73,399.00
In 2022, the estimated average employee contribution amount per participant for NOVA 401(K) PLAN is $2,805.00
In 2022, the estimated average employer match for an employee in NOVA 401(K) PLAN is approximately $1,272.00
In 2022, NOVA 401(K) PLAN allocates $333,275.00 to match its employees' contributions, providing an employer match rate of 44.74% of their contributions
In 2022, the total retirement plan asset growth rate of NOVA 401(K) PLAN is -23.18%
In 2022, the estimated aggregate retirement account investment gain/loss for NOVA 401(K) PLAN is -17.22%. This measures the effectiveness of the plan participants' investments in the year.
In 2022, the investment and administrative expense ratio of NOVA 401(K) PLAN is 0.01%.
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