Civic Intelligence

Novoset LLC

Plan context: Novoset Cash Balance Plan

EIN 27-3642345 • Peapack, NJ • 12 filings • 2 plans

P.O. Box 28287 Main StreetPeapack, NJ 07977
Current Snapshot

Latest Year

2021

2021 Participants

6

2021 Assets

$2,333,479

2021 Contributions

$359,971

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$2,333,479$1,166,740$0201620192021YearValue
$2,333,479Latest year 2021

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

630201620192021YearValue
6Latest year 2021

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
202126$2,333,479$359,971$59,995iApproximate average salary by contribution assumption: employee only about $1,499,879 at 4% or $999,919 at 6%; with 50% employer match about $999,919 at 4% or $666,613 at 6%; with 100% employer match about $749,940 at 4% or $499,960 at 6%.
Novoset Cash Balance Plan-6$1,859,895$359,971$59,995iApproximate average salary by contribution assumption: employee only about $1,499,879 at 4% or $999,919 at 6%; with 50% employer match about $999,919 at 4% or $666,613 at 6%; with 100% employer match about $749,940 at 4% or $499,960 at 6%.
Novoset Profit Sharing Plan-6$473,584$0-
202025$1,883,759$276,912$55,382iApproximate average salary by contribution assumption: employee only about $1,384,560 at 4% or $923,040 at 6%; with 50% employer match about $923,040 at 4% or $615,360 at 6%; with 100% employer match about $692,280 at 4% or $461,520 at 6%.
Novoset Cash Balance Plan-5$1,464,126$200,000$40,000iApproximate average salary by contribution assumption: employee only about $1,000,000 at 4% or $666,667 at 6%; with 50% employer match about $666,667 at 4% or $444,444 at 6%; with 100% employer match about $500,000 at 4% or $333,333 at 6%.
Novoset Profit Sharing Plan-5$419,633$76,912$15,382iApproximate average salary by contribution assumption: employee only about $384,560 at 4% or $256,373 at 6%; with 50% employer match about $256,373 at 4% or $170,916 at 6%; with 100% employer match about $192,280 at 4% or $128,187 at 6%.
201925$1,441,696$336,119$67,224iApproximate average salary by contribution assumption: employee only about $1,680,595 at 4% or $1,120,397 at 6%; with 50% employer match about $1,120,397 at 4% or $746,931 at 6%; with 100% employer match about $840,298 at 4% or $560,198 at 6%.
Novoset Cash Balance Plan-5$1,128,629$277,925$55,585iApproximate average salary by contribution assumption: employee only about $1,389,625 at 4% or $926,417 at 6%; with 50% employer match about $926,417 at 4% or $617,611 at 6%; with 100% employer match about $694,813 at 4% or $463,208 at 6%.
Novoset Profit Sharing Plan-5$313,067$58,194$11,639iApproximate average salary by contribution assumption: employee only about $290,970 at 4% or $193,980 at 6%; with 50% employer match about $193,980 at 4% or $129,320 at 6%; with 100% employer match about $145,485 at 4% or $96,990 at 6%.
201825$1,012,628$358,363$71,673iApproximate average salary by contribution assumption: employee only about $1,791,815 at 4% or $1,194,543 at 6%; with 50% employer match about $1,194,543 at 4% or $796,362 at 6%; with 100% employer match about $895,908 at 4% or $597,272 at 6%.
Novoset Cash Balance Plan-5$795,849$278,152$55,630iApproximate average salary by contribution assumption: employee only about $1,390,760 at 4% or $927,173 at 6%; with 50% employer match about $927,173 at 4% or $618,116 at 6%; with 100% employer match about $695,380 at 4% or $463,587 at 6%.
Novoset Profit Sharing Plan-5$216,779$80,211$16,042iApproximate average salary by contribution assumption: employee only about $401,055 at 4% or $267,370 at 6%; with 50% employer match about $267,370 at 4% or $178,247 at 6%; with 100% employer match about $200,528 at 4% or $133,685 at 6%.
201724$680,073$343,420$85,855iApproximate average salary by contribution assumption: employee only about $2,146,375 at 4% or $1,430,917 at 6%; with 50% employer match about $1,430,917 at 4% or $953,944 at 6%; with 100% employer match about $1,073,188 at 4% or $715,458 at 6%.
Novoset Cash Balance Plan-4$532,978$265,628$66,407iApproximate average salary by contribution assumption: employee only about $1,660,175 at 4% or $1,106,783 at 6%; with 50% employer match about $1,106,783 at 4% or $737,856 at 6%; with 100% employer match about $830,088 at 4% or $553,392 at 6%.
Novoset Profit Sharing Plan-4$147,095$77,792$19,448iApproximate average salary by contribution assumption: employee only about $486,200 at 4% or $324,133 at 6%; with 50% employer match about $324,133 at 4% or $216,089 at 6%; with 100% employer match about $243,100 at 4% or $162,067 at 6%.
201623$323,668$323,668$107,889iApproximate average salary by contribution assumption: employee only about $2,697,233 at 4% or $1,798,156 at 6%; with 50% employer match about $1,798,156 at 4% or $1,198,770 at 6%; with 100% employer match about $1,348,617 at 4% or $899,078 at 6%.
Novoset Cash Balance Plan-3$257,634$257,634$85,878iApproximate average salary by contribution assumption: employee only about $2,146,950 at 4% or $1,431,300 at 6%; with 50% employer match about $1,431,300 at 4% or $954,200 at 6%; with 100% employer match about $1,073,475 at 4% or $715,650 at 6%.
Novoset Profit Sharing Plan-3$66,034$66,034$22,011iApproximate average salary by contribution assumption: employee only about $550,283 at 4% or $366,856 at 6%; with 50% employer match about $366,856 at 4% or $244,570 at 6%; with 100% employer match about $275,142 at 4% or $183,428 at 6%.
Novoset LLC | EIN 27-3642345 | 2021 Form 5500 Company Profile