Plan Ledger DOL Form 5500 · updated monthly

Nova 401K Associates401(k)

NOVA 401(K) PLAN · HOUSTON, TX · plan year 2025

Reported admin expense ratio · 2025
0.04%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Nova 401K Associates reported $11,776 in plan administrative expenses for 2025: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,663 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio fell from 0.05% to 0.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,497th-largest of 5,688 plans among Texas employers on file, and the 2,353rd of 4,798 in finance & insurance. In 2025, employees put in $2.44 for every $1.00 the employer contributed; active participation has grown from 151 to 204 since 2022.

Plan summary
Net assets, end of year$31,226,775
Participants with balances221
Active participants204
Employer contributions$747,349
Employee contributions$1,826,734
Employer contribution per active participant$3,663
Average account balance$141,298
Benefits paid to participants$1,916,568
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$31.2M · 221 accts · $747K emplr
2024$24.8M · 191 accts · $696K emplr
2023$19.1M · 174 accts · $583K emplr
2022$15.1M · 132 accts · $502K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$11,776
Total administrative$11,776
The Nova 401K Associates 401(k) match · 2025
Employer contribution per active participant$3,663
Median for plans this size$2,666
2025$3,663 per active participant
2024$3,662 per active participant
2023$3,372 per active participant
2022$3,325 per active participant

Nova 401K Associates's 2025 employer contribution ran above the $2,666 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20251

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$11,776 · 0.04%
2024$9,504 · 0.04%
2023$5,993 · 0.04%
2022$7,405 · 0.05%
Similar plansFinance & Insurance · Texas
Community National Bank TX$32.0M · 0.46%
Benchmark Bank TX$31.8M · 0.26%
Datcu Credit Union TX$31.5M · 0.01%
Gunvor USA, LLC TX$31.4M · 0.01%
Onethirtyone LLC TX$31.0M · 0.09%
Bbg, Inc. TX$30.9M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201181458 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.