Star of Excellence Award

John Hancock is proud to recognize Nova 401(k) Associates of Houston, TX as the inaugural winner of two John Hancock Retirement Plan Services Star of Excellence awards. 
Nova 401(k) Associates earned a Star of Excellence award in each of the following award categories, based on results from over 2000 Third Party Administrator (TPA) firms we partnered with in 2014: 
·        #1 in New Plan Sales sold with John Hancock 
·        #1 in Estimated Deposit 
The tremendous success that the team at Nova experienced is a reflection of their reputation among financial advisors as experts in their field, and their dedication to serving their clients. 
Congratulations Nova 401(k) Associates!  We look forward to another successful year of partnership with you. 
Ann Slotwinski 
Vice President, TPA Services 
John Hancock Retirement Plan Services 

Nova Files Comment Letter on Proposed Fiduciary Regulations

On July 21, 2015, Nova 401(k) Associates submitted a comment letter on the Department of Labor’s proposed fiduciary regulations.  After many years the Department of Labor proposed a new definition of fiduciary.  The definition of fiduciary had not been updated to reflect the great number of 401(k) plans.  The proposed definition is designed to better protect plan participants, and if adopted in its present form, a much greater number of professional and financial advisors will be fiduciaries.

Nova submitted a comment letter to the Department of Labor emphasizing three points:

  • Extend arms-length transaction to small plans – Nova recommends that the 100 participant requirement the arms-length transaction carve-out be removed or lowered to ten participants.
  • Clarify length of fiduciary status – Nova recommends that the length of fiduciary status be the longer of the time specified in the contract between the parties and the period for which the individual receives compensation related to the investment advice.
  • Safe harbor for resolving co-fiduciaries breaches -Nova recommends that the DOL provide a safe harbor method for small plan fiduciaries to resolve the most common co-fiduciary breaches. For example, with respect to failure to deposit 401(k) deferrals, the DOL should prescribe a method of reporting late or missing 401(k) deferrals to the DOL which would satisfy a small plan’s co-fiduciary’s responsibility to resolve the fiduciary breach.

5500 Resource Center for Plan Sponsors



2016 Form 5500 – Additional Information

2016 Form 8955-SSA – Additional Information

Obtaining Electronic Signature Credentials

Nova Making a Splash at Texas Tech Career Connection

Frazier Alumni Pavilion across from Jones AT&T Stadium
Lubbock, Texas
April 2, 2014
1:00pm – 4:00pm

As one of the fastest growing 401(k) TPAs in the nation, Nova 401(k) Associates is excited to announce that we are seeking candidates for full time positions in our Dallas/Fort Worth office. We are proud to join Texas Tech University for the Spring 2014 Career Connection. Texas Tech is a leading educational institution that has a rich history and diverse alumni network. Because of this, we are looking to recruit graduating Red Raiders to join our team.

For more information about employment, please read about Careers with Nova 401(k) Associates.

2014 WIPN Board of Directors

Our 2014 Board of Directors has been chosen to guide WIPN into the immediate future.

Congratulations to the following ladies:


Lisa Buffington of Prudential Retirement

Vice President

Tammy Ouverson of ING


Sadie Hooker of Nova 401(k) Associates


Dorothy Campbell of ProVise Management Group


Amy Glynn of Pension Resource Institute


Sue Friday of Muhlenkamp & Company

Programs & Events

Melissa Trimani of Prudential Retirement


Mary Jo Baumann of Transamerica


Kathleen Roche of Commonwealth

2014 will be a busy year for the organization and the board members are always happy to welcome new volunteers.

Winter storms in DFW!

Winter Weather

Winter Weather


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Due to winter storms, most of our Dallas/Fort Worth employees are working from home today. We are also having some issues with the phones.

If you require immediate assistance and cannot reach our DFW staff, please call (713) 524-5192.

ASPPA Annual Conference

asppa annual

Bonnie Post, Mary Lowery, Keith Patterson and Karen Smith have just returned from the ASPPA Annual Conference in Washington DC.  The conference provided great continuing education and networking opportunities.  Karen spoke at two sessions on actuarial professionalism.

There also was a “groovy” reception Tuesday night with an ABBA Tribute Band. 


Defined Benefit/Cash Balance Illustration Assumptions and Methods


Unless otherwise disclosed on the illustration, here is a summary of the actuarial assumptions that Nova 401(k) Associates uses:

  • Interest rates for minimum required contribution – MAP-21 rates
  • Interest rates for the maximum deductible contribution: Segment rates with a two month lookback
  • Pre-retirement decrement assumptions: None
  • Retirement assumption: 100% at normal retirement age
  • Percentage of participants electing a lump sum:100%
  • Administrative expenses paid from the plan: $0


The actuarial funding method is the unit credit method as prescribed under the Pension Protection Act of 2006.

The asset valuation method is the market value of assets.


Additions to the Nova 401(k) Associates’ Team

Nova 401(k) Associates is pleased to announce the following individuals have joined us:

  • Bonnie Post, ERPA, QPA, QKA – Colorado – Consultant/Team Leader

 Bonnie started with Nova on May 8, 2013.. Bonnie graduated from Pennsylvania State University with a B.S., Quantitative Business Analysis.  She brings with her more than 20 years of industry experience and most recently was employed at United Retirement Plan Consultants in Denver, CO.

  •  Jenny Wendt, QKA – Wisconsin – Account Manager

Jenny started with Nova on May 6, 2013.  Jenny graduated from the University of Wisconsin with a Bachelor of Business Administration majoring in Finance.  She brings with her 10 years of industry experience and most recently was employed at Retirement Strategies in Little Chute, WI.

  •  Katie McMullin, QPA, QKA –  Florida – Account Manager

Katie started with Nova on May 6, 2013.  Katie has a Bachelor of Science degree majoring in Actuarial Science and Statistics from Purdue University.  She brings with her 3 years of industry experience and most recently was employed at NYHART in Indianapolis, IN before relocating to Tallahassee, FL.  

Happy Fifth Anniversary to Arasely Valdez!

Anniversay dogNova 401(k) Associates wants to congratulate Arasely Valdez on her fifth anniversary with Nova 401(k) Associates.  Arasely joined Nova 401(k) Associates in 2008 as Defined Contribution Practice Manager.  In 2010, Arasely became a shareholder of Nova 401(k) Associates.  In 2011, Arasely was promoted to Practice Manager for all operations.

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