# Nova Biomedical Corporation 401(k) Plan
Source: https://planprovider.pro/companies/nova-biomedical-corporation-401k-plan

> Nova Biomedical Corporation's 401(k) plan: 1,260 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|—|

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