Plan Snapshot
- Plan Sponsor: Nova Mud, INC.
- Sponsor EIN: 850377439
- Sponsor Address: PO BOX 2703, HOBBS, NM, 88241
- Plan Type: 401(k)
- Total Participants: 64
- Total Assets: $7.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 64 | $7.5M | $110,065 | $228,477 |
| 2023 | 60 | $6.8M | $104,193 | $272,075 |
| 2022 | 57 | $6.4M | $101,050 | $279,885 |
| 2019 | 78 | $8.1M | $0 | $0 |
| 2018 | 150 | $7.1M | $0 | $0 |
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 |
|---|---|---|---|---|
| WHITLEY PENN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WHITLEY PENN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $25,243 | — | — | — | — |
| 2023 | $21,088 | — | — | — | — |
| 2022 | $24,637 | — | — | — | $24,637 |
| 2019 | $26,649 | $26,649 | — | — | — |
| 2018 | $41,728 | $41,728 | — | — | — |