Plan Ledger DOL Form 5500 · updated monthly

Novak Francella LLC401(k)

NOVAK FRANCELLA LLC 401(K) PROFIT SHARING PLAN · BALA CYNWYD, PA · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Novak Francella LLC reported $37,219 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $2,060 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 2 years on file its reported administrative ratio fell from 0.34% to 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,379th-largest of 3,651 plans among Pennsylvania employers on file, and the 4,887th of 11,654 in professional & technical services. In 2024, employees put in $2.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,107,418
Participants with balances170
Active participants141
Employer contributions$290,449
Employee contributions$857,663
Employer contribution per active participant$2,060
Average account balance$141,808
Benefits paid to participants$869,529
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.1M · 170 accts · $290K emplr
2023$20.7M · 167 accts · $263K emplr
2022$17.3M · 151 accts · $258K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,767
Investment management$11,452
Total administrative$37,219
The Novak Francella LLC 401(k) match · 2024
Employer contribution per active participant$2,060
Median for plans this size$2,416
2024$2,060 per active participant
2023$1,922 per active participant
2022$1,970 per active participant

Novak Francella LLC's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
NATIONWIDE · Recordkeeping · Loan processing$25,767
IRON FIDUCIARY · Investment advisory (participants)$11,452

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

Recordkeeper by year2
2024Nationwide
2023DELAWARE VALLEY RETIREMENT, INC., Nationwide

This plan has changed recordkeepers within these filings. If you left Novak Francella LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$37,219 · 0.17%
2023$71,164 · 0.37%
2022$65,000 · 0.34%
Same employer
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Brentwood Bank PA$24.7M · 0.30%
Key Environmental Inc PA$24.7M · 0.02%
Robson Forensic, Inc. PA$24.2M · 0.34%
Fcarchitects Inc PA$23.3M · 0.38%
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Source: U.S. Department of Labor, Form 5500 series, EIN 611436956 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.