Plan Snapshot
- Plan Sponsor: Novara Tesija And Catenacci Pl
- Sponsor EIN: 383763096
- Sponsor Address: 888 W BIG BEAVER RD, TROY, MI, 480844736
- Plan Type: 401(k)
- Total Participants: 179
- Total Assets: $12.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 179 | $12.2M | $540,965 | $1.3M |
| 2023 | 167 | $9.5M | $552,998 | $1.1M |
| 2022 | 165 | $7.3M | $415,788 | $945,039 |
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 |
|---|---|---|---|---|
| PAYCHEX, INC. | Recordkeeper | $17,695 | — | $17,695 |
| MERRILL LYNCH, PIERCE, FENNER AND S | Investment Advisor | — | $17,181 | $17,181 |
| MERRILL LYNCH, PIERCE, FENNER | Investment Advisor | $11,597 | — | $11,597 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,473
- Estimated Expense Ratio: 0.382% 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 | $30,367 | $11,597 | $18,628 | — | — |
| 2023 | $15,735 | $1,531 | $5,407 | — | — |
| 2022 | $10,798 | $1,590 | $9,208 | — | — |