Nova Restaurant Group 401K Plan401(k)
NOVA RESTAURANT GROUP 401K PLAN · EDINA, MN · plan year 2022
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Nova Restaurant Group 401K Plan reported $7,768 in plan administrative expenses for 2022: 1.83% of average plan assets, higher than ~75% of peers. Employer contributions averaged $75 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.
The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Minnesota (1,883rd of 1,918), and 1,917th of 2,240 in accommodation & food services. In 2022, employees put in $6.34 for every $1.00 the employer contributed.
Nova Restaurant Group 401K Plan's 2022 employer contribution ran below the $331 median for plans its size, in the bottom quarter of its peers. 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 810975941 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.