Novak Francella

Name

Novak Francella

Legal name

Novak Francella LLC

Website

https://novakfrancella.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

101–250 employees

Short description

Novak Francella is a U.S. CPA firm founded in 2003 that provides audit, advisory, payroll compliance, and tax services exclusively to labor unions, employee benefit plans, and nonprofit organizations, with 130+ professionals across five Northeast Corridor offices.

Ownership category

akta.pro rank

Product category

Professional Accounting and Audit Services

NAICS

Offices of Certified Public Accountants (541211)

SIC

Services-Business Services, Nec (7389)

akta.pro primary industry

Internal Audit & SOX Compliance Services (BPAHABAG)

akta.pro secondary industries

Payroll Audit, Reconciliation & Payroll Controls (BPACAIAJ), Payroll Tax Filing, Compliance & Regulatory Reporting (BPAAAHAB)

Keywords

• Employee benefit plan audits
• Labor union accounting
• Payroll compliance reviews
• Nonprofit audit services
• CPA advisory services

Headquarters

HQ city

Bala Cynwyd

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Audit Services: Independent accounting and audit services to labor unions and employee benefit plans. Serves as independent accountants to over 400 employee benefit plans and over 125 labor unions.
2. Payroll Compliance Reviews: Dedicated payroll compliance department performing over 3,000 Payroll Compliance Reviews each year for clients.
3. Advisory Services: Internal control studies, forensic services, and technology and operational reviews for labor organizations and employee benefit plans.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Novak Francella is a Certified Public Accounting firm that provides independent audit, accounting, payroll compliance, tax, and advisory services to labor organizations, employee benefit plans (multiemployer, single employer, defined benefit, defined contribution, health and welfare, apprenticeship, legal, scholarship, and industry promotion funds), and nonprofit organizations. The firm operates a dedicated payroll compliance department that performs more than 3,000 payroll compliance reviews each year, and provides advisory work spanning internal control studies, forensic services, and technology and operational reviews.

Product overview

Novak Francella is a Certified Public Accounting firm offering professional services rather than a software product. The firm provides a unified portfolio of accounting and advisory services focused on labor organizations and employee benefit plans. Core offerings include employee benefit plan auditing (servicing over 400 plans), labor union accounting (serving over 125 unions), nonprofit organization audits, and payroll compliance reviews (over 3,000 annually). The firm also provides traditional accounting services (audit, tax, bookkeeping) and advisory services including internal control studies, forensic services, and technology and operational reviews. All work is performed domestically in the firm's U.S. offices.

Differentiator

Problem solved

Functional benefit

Products and services

• Employee Benefit Plans Audit and Advisory Services Independent accounting and audit services delivered to over 400 employee benefit plans, spanning Multi and Single Employer Plans, DB and DC Plans, Corporate 401(k) Plans, H&W Plans, Apprentice and Training Funds, Legal and Scholarship Funds, and Industry Promotion Funds.
• Labor Unions Accounting Services Comprehensive accounting services for over 125 labor unions including international unions, regional councils, and local labor organizations, supporting clients through evolving accounting and regulatory requirements.
• Nonprofit Organizations Audit Services Independent audit services for member associations and charitable organizations, delivered by professional staff with sector experience and resources.
• Payroll Compliance Reviews Over 3,000 payroll compliance reviews performed annually by a dedicated professional staff exclusively assigned to conducting these reviews for clients.
• Traditional Accounting Services Core accounting services including audit, tax, and bookkeeping performed entirely by staff working in US offices.
• Advisory Services Full array of advisory services including internal control studies, forensic services, and technology and operational reviews for labor organizations and employee benefit plans.

Quantifiable outcome

• Over 400 employee benefit plans served as independent accountants
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• IFEBP (International Foundation of Employee Benefit Plans)coreOthersActive participant in IFEBP, a major industry association for employee benefit plan professionals. Firm participates in annual conferences and training sessions.
• AICPA (American Institute of Certified Public Accountants)coreOthersActive participant with AICPA for continuing education, professional development, and peer review program compliance.
• State Societies of CPAsminorOthersActive participant with State Societies of CPAs for professional development and compliance with state licensing requirements.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Moss Adams: Large West Coast-rooted CPA firm with a significant employee benefit plan audit practice serving corporate, multiemployer, and nonprofit plans; comparable mid-market EBP clientele.
• Withum: Mid-market CPA and advisory firm with a large, nationally recognized employee benefit plan audit practice serving many of the same EBP and labor-organization clients as Novak Francella. Closest comparable on EBP specialization and segment mix.
• CliftonLarsonAllen (CLA): Top-10 U.S. accounting firm with a dedicated retirement and EBP practice serving multiemployer, single-employer, and corporate plans. Direct competitor for the same EBP audit RFPs.
• Plante Moran: Major U.S. accounting and advisory firm with a dedicated compensation and benefits practice providing EBP audits and plan consulting; competes for similar middle-market plan engagements.
• Citrin Cooperman: Mid-market CPA firm with substantial nonprofit and EBP practices serving similar unions, plans, and associations; a relevant peer especially in Northeast markets.
• Eide Bailly: Top-25 U.S. accounting firm with a dedicated employee benefit plan audit group serving multiemployer and single-employer plans nationwide; comparable mid-market EBP competitor.
• Marcum LLP: Large national CPA firm with strong nonprofit, labor, and EBP audit practices, especially across the Northeast and Florida — a direct competitor in the labor and benefit plan audit niche.

Broad incumbents

• Baker Tilly US: Top-10 U.S. advisory firm with a benefits and EBP audit practice serving large multiemployer plans — a broader incumbent competing for the same RFPs.
• CBIZ CPA (CBIZ, Inc.): Large publicly traded provider of accounting, tax, and advisory services — including benefits and payroll-related compliance work — competing in adjacent EBP and payroll spaces with a broader service portfolio.
• Ernst & Young (EY) - EBP Practice: Big Four firm with a large employee benefit plan audit practice that audits the biggest multiemployer plans — competes in the same niche from a larger-balance-sheet position.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/novak-francella

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Novak Francella