Retirement plan

NOVIELLI TAX & ACCOUNTING ASSOC. INC.

Name: NOVIELLI TAX & ACCOUNTING ASSOC. INC. - NOVIELLI TAX & ACCOUNTING ASSOC. INC. (2020) Form 5500
Creator: NOVIELLI TAX & ACCOUNTING ASSOC. INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NOVIELLI TAX & ACCOUNTING ASSOC. INC., NOVIELLI TAX & ACCOUNTING ASSOC. INC.

NOVIELLI TAX & ACCOUNTING ASSOC. INC.EIN 82-3499049Plan #001PY 2020

7237 LONGHILL WAY - SAN JOSE, CA 95138408-230-2068

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$407K

+47.1% from 2019

Total participants

+150.0% from 2019

Average account balance

$81,303

-41.2% from 2019

Annual return

22.08%

+2.09 pp from 2019

Benchmarks

See 120,756 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort120,756 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$913K

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$228K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$71K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.66%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$2456

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,303

$165,381-50.8%

$149,730-45.7%

$158,966-48.9%

Participation rate

100.0%

84.6%+15.4pp

82.5%+17.5pp

82.0%+18.0pp

Annual return

22.08%

348.29%-326.2pp

276.70%-254.6pp

302.95%-280.9pp

Employer contribution / active EE

$10,652

$5,104+108.7%

$4,645+129.3%

$4,762+123.7%

Participant deferral / active EE

$6,606

$7,182-8.0%

$6,843-3.5%

$5,983+10.4%

Admin fee / account holder

$10,809-100.0%

$9,310-100.0%

$11,250-100.0%

NOVIELLI TAX & ACCOUNTING ASSOC. INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

NOVIELLI TAX & ACCOUNTING ASSOC. INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion