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NOVI ENERGY 401(K) PLAN 401k Plan overview

Plan NameNOVI ENERGY 401(K) PLAN
Plan identification number 001

NOVI ENERGY 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.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

NOVI ENERGY, LLC has sponsored the creation of one or more 401k plans.

Company Name:NOVI ENERGY, LLC
Employer identification number (EIN):020568025
NAIC Classification:541600

Additional information about NOVI ENERGY, LLC

Jurisdiction of Incorporation: Michigan Department of Licensing & Regulatory Affairs
Incorporation Date:
Company Identification Number: B0172E

More information about NOVI ENERGY, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NOVI ENERGY 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01
0012012-01-01ANAND GANGADHARAN ANAND GANGADHARAN2013-07-29
0012011-04-01ANAND GANGADHARAN ANAND GANGADHARAN2012-10-10

Plan Statistics for NOVI ENERGY 401(K) PLAN

401k plan membership statisitcs for NOVI ENERGY 401(K) PLAN

Measure Date Value
2012: NOVI ENERGY 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0114
Total number of active participants reported on line 7a of the Form 55002012-01-0114
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-014
Total of all active and inactive participants2012-01-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0118
Number of participants with account balances2012-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-013
2011: NOVI ENERGY 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-04-0111
Total number of active participants reported on line 7a of the Form 55002011-04-0114
Number of retired or separated participants receiving benefits2011-04-010
Number of other retired or separated participants entitled to future benefits2011-04-012
Total of all active and inactive participants2011-04-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-04-010
Total participants2011-04-0116
Number of participants with account balances2011-04-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-04-010

Financial Data on NOVI ENERGY 401(K) PLAN

Measure Date Value
2012 : NOVI ENERGY 401(K) PLAN 2012 401k financial data
Total plan liabilities at end of year2012-12-31$0
Total income from all sources2012-12-31$117,415
Expenses. Total of all expenses incurred2012-12-31$26,214
Benefits paid (including direct rollovers)2012-12-31$24,860
Total plan assets at end of year2012-12-31$173,374
Total plan assets at beginning of year2012-12-31$82,173
Value of fidelity bond covering the plan2012-12-31$300,000
Total contributions received or receivable from participants2012-12-31$93,865
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$15,841
Noncash contributions received2012-12-31$0
Net income (gross income less expenses)2012-12-31$91,201
Net plan assets at end of year (total assets less liabilities)2012-12-31$173,374
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$82,173
Total contributions received or receivable from employer(s)2012-12-31$7,709
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$1,354
2011 : NOVI ENERGY 401(K) PLAN 2011 401k financial data
Total income from all sources2011-12-31$83,975
Expenses. Total of all expenses incurred2011-12-31$1,802
Benefits paid (including direct rollovers)2011-12-31$1,261
Total plan assets at end of year2011-12-31$82,173
Total plan assets at beginning of year2011-12-31$0
Value of fidelity bond covering the plan2011-12-31$50,000
Total contributions received or receivable from participants2011-12-31$70,920
Other income received2011-12-31$-1,660
Net income (gross income less expenses)2011-12-31$82,173
Net plan assets at end of year (total assets less liabilities)2011-12-31$82,173
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$0
Total contributions received or receivable from employer(s)2011-12-31$14,715
Value of certain deemed distributions of participant loans2011-12-31$541

Form 5500 Responses for NOVI ENERGY 401(K) PLAN

2012: NOVI ENERGY 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: NOVI ENERGY 401(K) PLAN 2011 form 5500 responses
2011-04-01Type of plan entitySingle employer plan
2011-04-01First time form 5500 has been submittedYes
2011-04-01Submission has been amendedNo
2011-04-01This submission is the final filingNo
2011-04-01This return/report is a short plan year return/report (less than 12 months)Yes
2011-04-01Plan is a collectively bargained planNo
2011-04-01Plan funding arrangement – InsuranceYes
2011-04-01Plan funding arrangement – TrustYes
2011-04-01Plan benefit arrangement – InsuranceYes
2011-04-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number101291
Policy instance 1
Insurance contract or identification number101291
Number of Individuals Covered16
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $306
Total amount of fees paid to insurance companyUSD $517
Commission paid to Insurance BrokerUSD $306
Insurance broker organization code?3
Amount paid for insurance broker fees517
Additional information about fees paid to insurance brokerSERVICES PERFORMED ON BEHALF OF JOHN HANCOCK.
Insurance broker nameBARCLAY PLANNING GROUP, LLC
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number101291
Policy instance 1
Insurance contract or identification number101291
Number of Individuals Covered12
Insurance policy start date2011-04-14
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $33
Total amount of fees paid to insurance companyUSD $357

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