NOVA CONSULTING GROUP, INC. 401(K) RETIREMENT PLAN
Plan Contact
- Address: 1107 HAZELTINE BLVD STE 400,CHASKA,MN
- Contact person: BENJAMIN BOHLINE
- Phone: (952) 448-9393
Plan General Information
NOVA CONSULTING GROUP, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2019, the total retirement plan assets of NOVA CONSULTING GROUP, INC. 401(K) RETIREMENT PLAN is $13,632,557.00.This plan was established in 1989.
NOVA CONSULTING GROUP, INC. 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2019, the total number of retirement plan participants in NOVA CONSULTING GROUP, INC. 401(K) RETIREMENT PLAN is 183
NOVA CONSULTING GROUP, INC. 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2019, the average participant retirement account value for NOVA CONSULTING GROUP, INC. 401(K) RETIREMENT PLAN is $74,494.00
NOVA CONSULTING GROUP, INC. 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2019, the estimated average employee contribution amount per participant for NOVA CONSULTING GROUP, INC. 401(K) RETIREMENT PLAN is $10,800.00.
NOVA CONSULTING GROUP, INC. 401(K) RETIREMENT PLAN Estimated Average Employer Match
In 2019, the estimated average employer match for an employee in NOVA CONSULTING GROUP, INC. 401(K) RETIREMENT PLAN is approximately $567.00
Investing in this additonal $567.00 for 20 years would give you extra $36,327.00, assuming a 10% annual return.
Investing in this additonal $567.00 for 20 years would give you extra $36,327.00, assuming a 10% annual return.
NOVA CONSULTING GROUP, INC. 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2019, NOVA CONSULTING GROUP, INC. 401(K) RETIREMENT PLAN allocates $103,874.00 to match its employees' contributions, providing an employer match rate of 10.51% of their contributions
NOVA CONSULTING GROUP, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2019, the total retirement plan asset growth rate of NOVA CONSULTING GROUP, INC. 401(K) RETIREMENT PLAN is 49.97%.
NOVA CONSULTING GROUP, INC. 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2019, the estimated aggregate retirement account investment gain/loss for NOVA CONSULTING GROUP, INC. 401(K) RETIREMENT PLAN is 23.57%. This measures the effectiveness of the plan participants' investments in the year.
NOVA CONSULTING GROUP, INC. 401(K) RETIREMENT PLAN Expense Ratio
In 2019, the investment and administrative expense ratio of NOVA CONSULTING GROUP, INC. 401(K) RETIREMENT PLAN is 0.52%.
Enrollment Features
NOVA CONSULTING GROUP, INC. 401(K) RETIREMENT PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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