Vest,StevenSteve Vest

Vice President and Shareholder
Phone: (713) 881-9311

Steve Vest joined Nova 401(k) Associates in 2006 as a Vice President with over 17 years experience in the retirement plan industry. Steve’s responsibilities include managing Nova’s largest and most complex plans, training and mentoring staff, assisting with daily technical questions, and assisting with marketing meetings as needed. Steve specializes in defined contribution plan administration, including plan design and implementation for 401(k) and profit sharing plans, annual compliance testing, including complex controlled group and 410(b) cross-testing, annual trust accounting and Form 5500 preparation, existing plan conversions, compliance software systems development and valuation and record-keeping for balance forward plans.

From 1993 until April of 2006, he served as Vice President of Malcolm Thompson & Associates, a Houston-based 401(k) TPA. Prior to that, he worked as a benefits analyst at Shell Oil Company. His continuing education includes regular attendance at professional conferences, as well as reading and studying current regulations, rulings, and articles. Steven graduated from the University of Texas with a B.B.A. in finance and minor in accounting in 1989.

Steve’s Industry Advice
Steve advises plan sponsors, “Hardship withdrawals are popular with participants, but hardship withdrawals can be an administrative hassle. For some plan sponsors, it is better to not permit hardship withdrawals.”

Steve’s Favorite Industry Guru
Steve’s favorite industry expert is Craig Hoffman, the General Council/Director of Regulatory Affairs of ASPPA. “Craig is extremely knowledgeable about 401(k) and plan document issues and has an energetic, engaging communication style.”