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NOVUS AG 401(K) PLAN 401k Plan overview

Plan NameNOVUS AG 401(K) PLAN
Plan identification number 001

NOVUS AG 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

NOVUS AG, LLC has sponsored the creation of one or more 401k plans.

Company Name:NOVUS AG, LLC
Employer identification number (EIN):462785136
NAIC Classification:454390
NAIC Description:Other Direct Selling Establishments

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NOVUS AG 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-09-01JENNY MOODY2024-04-05 JENNY MOODY2024-04-05
0012017-09-01CANDYCE THIEKEN2018-09-24 CANDYCE THIEKEN2018-09-24
0012015-09-01CANDYCE SCHULTZ2016-10-24 CANDYCE SCHULTZ2016-10-24
0012014-09-01CANDYCE SCHULTZ2016-02-29 CANDYCE SCHULTZ2016-02-29
0012013-09-01CANDYCE SCHULTZ2015-03-31 CANDYCE SCHULTZ2015-03-31

Plan Statistics for NOVUS AG 401(K) PLAN

401k plan membership statisitcs for NOVUS AG 401(K) PLAN

Measure Date Value
2024: NOVUS AG 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-04-0570
Total number of particpants at end of year2024-04-050
Number of Participants With Account Balances2024-04-050

Financial Data on NOVUS AG 401(K) PLAN

Measure Date Value
2024 : NOVUS AG 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-04-050
Total liabilities as of the end of the plan year2024-04-050
Total liabilities as of the beginning of the plan year2024-04-050
Total expenses incurred by plan in this plan year2024-04-055201731
Net assets as of the end of the plan year2024-04-050
Total assets as of the beginning of the plan year2024-04-052815582
Value of plan covered by a fidelity bond2024-04-051000000
Participant contributions to plan in this plan year2024-04-05111454
Value of participant loans at end of plan year2024-04-050
Other expenses paid from plan in this plan year2024-04-050
Other contributions to plan in this plan year2024-04-052484745
Other income to plan in this plan year2024-04-05-273976
Plan net income in this plan year2024-04-05-2815582
Net assets as of the end of the plan year2024-04-050
Net assets as of the beginning of the plan year2024-04-052815582
Employer contributions to plan in this plan year2024-04-0563926
Fees paid to broker by Benefit Provider2024-04-05204
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-055312

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