Profit Sharing · DOL Form 5500 · 2023
Novawood, Inc. Profit Sharing Plan
Data updated 2026-08-25
- $11K
- Total assets Small plan by assets
- 1
- Participants Small participant base
- 2nd
- Percentile by assets National rank
- $10,540
- Avg per participant Low balance/head
Official DOL plan name: Novawood, Inc. Profit Sharing Plan · Sponsored by Novawood, Inc. · New Jersey · Professional & Technical Services
$11K in assets, 1 participants
Novawood, Inc.'s Novawood, Inc. Profit Sharing Plan reported $11K in total assets and 1 participant in its 2023 DOL Form 5500 filing, ranking in the 2nd 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.
- #299 in Professional & Technical Services (20,321 peers)
2023 asset change
Novawood, Inc. Profit Sharing Plan contracted severely 65.0% in 2023 ($30K → $11K) for 1 participant.
- #299
- in Professional & Technical Services (20,321 peers)
- -65.0%
- assets change YoY
The plan reported a net loss of $20K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Novawood, Inc. Profit Sharing Plan among the smaller filed plans by assets
Novawood, Inc. Profit Sharing Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$10,540 2nd percentile higher than 2% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Novawood, Inc. Profit Sharing Plan among micro filed plans by headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Novawood, Inc. Profit Sharing Plan is a micro filing (1 participant), the leftmost band.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Novawood, Inc. Profit Sharing Plan reported net income rose from -$59K in the plan year 2022 filing to -$20K in the plan year 2023 filing.
- Novawood, Inc. Profit Sharing Plan end-of-year assets fell from $30K in the plan year 2022 filing to $11K in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 271396252 · Novawood, Inc. PY 2023 · Profit Sharing
Novawood, Inc. Profit Sharing Plan · $11K · 1 · 2nd
- TYPE $11K
- TYPE 1
- TYPE 2nd
- TYPE Profit Sharing
- TYPE near Hobbs Ventures Inc. Retirement Plan
- TYPE ind #299
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 New Jersey →
Novawood, Inc. Profit Sharing Plan in the asset neighbourhood
Novawood, Inc. years around the 2023 move
Sponsor-wide plan assets over time
All Novawood, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- N/A
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1 | $30K |
| 2023 | 1 | 1 | $11K |
| 2024 | 1 | 1 | N/A |
2023 asset-move particulars
| Total Assets (Beginning of Year) | $30K |
|---|---|
| Net Assets (End of Year) | $11K |
| Net Income | -$20K |
| Employer EIN | 271396252 |
| Plan Effective Date | 2009-12-01 |
| Filing Status | FILING RECEIVED |
Nearby Profit Sharing Plans in New Jersey
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
- Ernst & Young Partnership Retirement (Hr-10) Plan $2.5B · 1,843
- Operating Engineers Local 825 Profit Sharing Fund $1.4B · 10,336
- Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan $1.4B · 8,602
- IBEW Local Union No 102 Surety Plan $637M · 2,283
- Kpmg Partner Retirement Savings Plan $529M · 1,895
Novawood, Inc. Profit Sharing Plan's out-of-state Profit Sharing peers by assets and headcount
Outside New Jersey, the nearest Profit Sharing by assets is Hobbs Ventures Inc. Retirement Plan in TX ($11K); by covered participants it is Luke Krumnow, Inc. Employees Profit Sharing Plan in TX (1 participant). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($11K here).
Similar participant headcount
Nearest other-state filings by covered participants (1 participant); 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.