Services at Nova 401(k) Associates

Defined Contribution Plans

Nova 401(k) Associates provides the following services to defined contribution plans, including 401(k) plans, profit sharing plans and new comparability plans:

• Preparation and maintenance of plan documents
• Preparation of summary plan description
• Nondiscrimination testing, including ADP/ACP testing, IRC 410(b) coverage testing, IRC 415 limit testing, IRC 401(a)(4) testing, and top-heavy testing
• Review for partial plan termination
• Electronic filing of Form 5500/Form 5500-SF
• CPA audit support
• Form 8955-SSA preparation
• Preparation of Summary Annual Report
• Vesting uploads
• Loan and distribution processing including, taking on signing authority under the right circumstances

Defined Benefit Plans

We provide actuarial services for defined benefit plans and cash balance plans including:

• Plan design
• Plan documents
• Annual valuations
• Nondiscrimination testing
• Individual participant statements
• Form 5500 series
• PBGC filing and Annual Funding Notice preparation

While many TPAs outsource their actuarial work, making the enrolled actuary inaccessible to the defined benefit plan sponsors, Nova 401(k) Associates’ on-staff actuaries are available to assist you!

Consulting Services

Do you need help with a complex problem involving your retirement plan? Our team of retirement consultants is at your service!