NOVA EMPLOYEE SAVINGS TRUST (N.E.S.T.)
Plan Contact
- Address: 200 PROSPECT STREET,WALTHAM,MA
- Contact person: MICHAEL GATTI
- Phone: (781) 647-3700
Plan General Information
NOVA EMPLOYEE SAVINGS TRUST (N.E.S.T.) Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of NOVA EMPLOYEE SAVINGS TRUST (N.E.S.T.) is $154,327,140.00.This plan was established in 1984.
NOVA EMPLOYEE SAVINGS TRUST (N.E.S.T.) Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NOVA EMPLOYEE SAVINGS TRUST (N.E.S.T.) is 1453
NOVA EMPLOYEE SAVINGS TRUST (N.E.S.T.) Average Participant Retirement Account Value
In 2023, the average participant retirement account value for NOVA EMPLOYEE SAVINGS TRUST (N.E.S.T.) is $106,212.00
NOVA EMPLOYEE SAVINGS TRUST (N.E.S.T.) Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for NOVA EMPLOYEE SAVINGS TRUST (N.E.S.T.) is $5,869.00.
NOVA EMPLOYEE SAVINGS TRUST (N.E.S.T.) Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NOVA EMPLOYEE SAVINGS TRUST (N.E.S.T.) is approximately $2,333.00
Investing in this additonal $2,333.00 for 20 years would give you extra $149,339.00, assuming a 10% annual return.
Investing in this additonal $2,333.00 for 20 years would give you extra $149,339.00, assuming a 10% annual return.
NOVA EMPLOYEE SAVINGS TRUST (N.E.S.T.) Total Employer Contribution and Match Rate
In 2023, NOVA EMPLOYEE SAVINGS TRUST (N.E.S.T.) allocates $3,390,476.00 to match its employees' contributions, providing an employer match rate of 42.16% of their contributions
NOVA EMPLOYEE SAVINGS TRUST (N.E.S.T.) Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of NOVA EMPLOYEE SAVINGS TRUST (N.E.S.T.) is 19.15%.
NOVA EMPLOYEE SAVINGS TRUST (N.E.S.T.) Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for NOVA EMPLOYEE SAVINGS TRUST (N.E.S.T.) is 19.35%. This measures the effectiveness of the plan participants' investments in the year.
NOVA EMPLOYEE SAVINGS TRUST (N.E.S.T.) Expense Ratio
In 2023, the investment and administrative expense ratio of NOVA EMPLOYEE SAVINGS TRUST (N.E.S.T.) is 0.15%.
Enrollment Features
NOVA EMPLOYEE SAVINGS TRUST (N.E.S.T.) 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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