401(k) · DOL Form 5500 · 2023

Nova Group, Gbc 401(k) Plan

Data updated 2026-08-25

$27M
Total assets Below avg plan size
241
Participants Below avg headcount
78th
Percentile by assets National rank
$112,096
Avg per participant Below avg balance/head
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Official DOL plan name: Nova Group, Gbc 401(k) Retirement Plan · Sponsored by Nova Group, Gbc · Minnesota · Professional & Technical Services

$27M in assets, 241 participants

Nova Group, Gbc's Nova Group, Gbc 401(k) Retirement Plan reported $27M in total assets and 241 participants in its 2023 DOL Form 5500 filing, ranking in the 78th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #15,858 in Professional & Technical Services (20,321 peers)

Coverage in Minnesota

Nova Group, Gbc 401(k) Retirement Plan covers 241 participants in Minnesota, about 21% of the average Minnesota filer (state average ~1,126 per filing). Assets: $27M.

#15,858
in Professional & Technical Services (20,321 peers)
+21.0%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Nova Group, Gbc 401(k) Retirement Plan's outsized position by total assets

Nova Group, Gbc 401(k) Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$27,015,081 Top 22% higher than 78% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Nova Group, Gbc 401(k) Retirement Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Nova Group, Gbc 401(k) Retirement Plan sits mid-pack in the medium band (241 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Nova Group, Gbc 401(k) Retirement Plan reported net income rose from $787K in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Nova Group, Gbc 401(k) Retirement Plan end-of-year assets rose from $22M in the plan year 2022 filing to $27M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 411580923 · Nova Group, Gbc PY 2023 · 401(k)

Nova Group, Gbc 401(k) Retirement Plan · $27M · 241 · 78th

  • 5500 $27M
  • ASSETS 241
  • PCT 78th
  • EIN 401(k)
  • RANK near O'connor Company 401(k) Retirement Plan
  • PHOTO ind #15858

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Professional & Technical Services retirement plans → · Plans in Minnesota →

Nova Group, Gbc 401(k) Retirement Plan in the asset neighbourhood

Nova Group, Gbc 401(k) Retirement PlanNova Group, Gbc 401(k) Retir…$27MO'connor Company 401(k) Retirement PlanO'connor Company 401(k) Reti…$27MThe Contributionship Insurance Companies Thrfit PlanThe Contributionship Insuran…$27MAdvanced Digital Data Inc. Employee Savings PlanAdvanced Digital Data Inc. E…$27MMahr Inc. Employees 401(k) PlanMahr Inc. Employees 401(k) P…$27M
End-of-year total assets ($M) among Nova Group, Gbc 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$22M
Net Assets (End of Year)$27M
Net Income$5M
Employer EIN411580923
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Nova Group, Gbc)

Sponsor-wide plan assets over time

All Nova Group, Gbc plans reported in each filing year

Latest sponsor-wide plan assets
$27M 22.863695456461482% vs 2022
2024 filing year
$20M$22M$24M$26M$28M 202220232024 $22.3M $27.4M ▲ +22.9%
Year Plans Participants Total Assets
2022 1 242 $22M
2023 1 241 $27M
2024 1 238 $27M

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Nova Group, Gbc 401(k) Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Nova Group, Gbc 401(k) Retirement Plan, Total assets ($B): 0.027015081 · Participants: 241Nova Group, Gbc 401(k) Retirement PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Nova Group, Gbc 401(k) Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Nova Group, Gbc 401(k) Retirement Plan side-by-side with 3 peers →

Nova Group, Gbc 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is O'connor Company 401(k) Retirement Plan in SD ($27M); by covered participants it is Tango Card Inc 401(k) Profit Sharing Plan and Trust in WA (241 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (241 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Nova Group, Gbc 401(k) Retirement Plan assets move in 2023? ▼
Nova Group, Gbc 401(k) Retirement Plan grew sharply - up 21.0% during 2023, from $22M to $27M. Reported net income was $5M.
How have Nova Group, Gbc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Nova Group, Gbc's sponsor-wide assets grew 22.9%, from $22M to $27M.
Where does Nova Group, Gbc 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Nova Group, Gbc 401(k) Retirement Plan ranks in the 78th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Nova Group, Gbc 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is O'connor Company 401(k) Retirement Plan in SD ($27M, 149 participants).
Which 401(k) plans cover a similar participant headcount to Nova Group, Gbc 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Tango Card Inc 401(k) Profit Sharing Plan and Trust in WA (241 participants, $19M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 411580923.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.