Plan Snapshot
- Plan Sponsor: Nova Biomedical Corporation
- Sponsor EIN: 042592580
- Sponsor Address: 200 PROSPECT STREET, WALTHAM, MA, 02454
- Plan Type: 401(k)
- Total Participants: 1,260
- Total Assets: $180.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 1,260 | $180.2M | $3.4M | $8.6M |
| 2023 | 1,201 | $154.3M | $3.4M | $8.0M |
| 2022 | 1,174 | $129.5M | $3.0M | $7.4M |
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 |
|---|---|---|---|---|
| CARON & BLETZER | Auditor | $12,300 | — | $12,300 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CARON & BLETZER — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,300
- Estimated Expense Ratio: 0.007% 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 | $245,081 | $87,373 | — | $12,300 | — |
| 2023 | $231,193 | $88,410 | — | $7,540 | — |
| 2022 | $240,271 | $47,043 | — | — | — |