# Nova Mud, INC. 401(k) Plan
Source: https://planprovider.pro/companies/nova-mud-inc-plan

> Nova Mud, INC.'s 401(k) plan: 64 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

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

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