# Novarad Corporation 401(k) Plan
Source: https://planprovider.pro/companies/novarad-corporation-401k-plan

> Novarad Corporation's 401(k) plan: 116 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Novarad Corporation

- **Sponsor EIN:** 870624648

- **Sponsor Address:** PO BOX 859, PROVO, UT, 84603

- **Plan Type:** 401(k)

- **Total Participants:** 116

- **Total Assets:** $13.7M

## 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|116|$13.7M|$196,993|$618,731|

| 2023|155|$12.7M|$300,060|$697,070|

| 2022|166|$10.4M|$308,498|$743,241|

## 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|

| SQUIRE & CO.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [SQUIRE & CO.](https://planprovider.pro/provider/squire-and-company-pc) — 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|$69,987|—|$69,987|—|—|

| 2023|$60,320|—|$60,320|—|—|

| 2022|$51,693|—|$51,693|—|—|

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