NOVA RESTAURANT GROUP 401(K) PLAN

Plan Contact

  • Address: 5151 EDINA INDUSTRIAL BLVD. #675,EDINA,MN
  • Contact person: BRUCE NELSON
  • Phone: (952) 942-1089

Plan General Information

NOVA RESTAURANT GROUP 401(K) PLAN Total Retirement Plan Assets

At the end of 2021, the total retirement plan assets of NOVA RESTAURANT GROUP 401(K) PLAN is $364,680.00.This plan was established in 2022.

NOVA RESTAURANT GROUP 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2021, the total number of retirement plan participants in NOVA RESTAURANT GROUP 401(K) PLAN is 381

NOVA RESTAURANT GROUP 401(K) PLAN Average Participant Retirement Account Value

In 2021, the average participant retirement account value for NOVA RESTAURANT GROUP 401(K) PLAN is $957.00

NOVA RESTAURANT GROUP 401(K) PLAN Estimated Average Employee Contribution Amount

In 2021, the estimated average employee contribution amount per participant for NOVA RESTAURANT GROUP 401(K) PLAN is $237.00.

NOVA RESTAURANT GROUP 401(K) PLAN Estimated Average Employer Match

In 2021, the estimated average employer match for an employee in NOVA RESTAURANT GROUP 401(K) PLAN is approximately $72.00
Investing in this additonal $72.00 for 20 years would give you extra $4,611.00, assuming a 10% annual return.

NOVA RESTAURANT GROUP 401(K) PLAN Total Employer Contribution and Match Rate

In 2021, NOVA RESTAURANT GROUP 401(K) PLAN allocates $27,454.00 to match its employees' contributions, providing an employer match rate of 30.40% of their contributions

NOVA RESTAURANT GROUP 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2021, the total retirement plan asset growth rate of NOVA RESTAURANT GROUP 401(K) PLAN is 52.42%.

NOVA RESTAURANT GROUP 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2021, the estimated aggregate retirement account investment gain/loss for NOVA RESTAURANT GROUP 401(K) PLAN is 15.83%. This measures the effectiveness of the plan participants' investments in the year.

NOVA RESTAURANT GROUP 401(K) PLAN Expense Ratio

In 2021, the investment and administrative expense ratio of NOVA RESTAURANT GROUP 401(K) PLAN is 1.47%.

Enrollment Features

NOVA RESTAURANT GROUP 401(K) PLAN has the following features:
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.

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