Plan Snapshot
- Plan Sponsor: Nov INC.
- Sponsor EIN: 760475815
- Sponsor Address: 10353 RICHMOND AVENUE, HOUSTON, TX, 77042
- Plan Type: 401(k)
- Total Participants: 11,339
- Total Assets: $1.6B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 11,339 | $1.6B | $42.9M | $69.9M |
| 2023 | 11,209 | $1.5B | $41.7M | $67.4M |
| 2022 | 10,801 | $1.3B | $29.4M | $55.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $989,588 | — | $989,588 |
| COOK STREET CONSULTING | CONTRACT ADMINISTRATOR | $127,487 | — | $127,487 |
| WEAVER AND TIDWELL LLC | ACCOUNTANT | $32,497 | — | $32,497 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COOK STREET CONSULTING — CONTRACT ADMINISTRATOR
- WEAVER AND TIDWELL LLC — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,149,572
- Estimated Expense Ratio: 0.070% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,152,311 | $127,487 | $992,327 | $32,497 | — |
| 2023 | $1,162,892 | $89,707 | $884,422 | $6,052 | — |
| 2022 | $1,205,436 | $178,756 | $798,352 | — | $58,441 |