Plan Snapshot
- Plan Sponsor: Novares Us Engine Components, INC.
- Sponsor EIN: 391172503
- Sponsor Address: 837 WALWORTH STREET, WALWORTH, WI, 53184
- Plan Type: 401(k)
- Total Participants: 475
- Total Assets: $57.5M
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 | 475 | $57.5M | $952,505 | $1.9M |
| 2023 | 511 | $54.4M | $1.1M | $2.0M |
| 2022 | 509 | $50.2M | $1.2M | $2.3M |
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 |
|---|---|---|---|---|
| FORVIS MAZARS, LLP | Auditor | $14,630 | — | $14,630 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $14,630
- Estimated Expense Ratio: 0.025% 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 | $138,243 | $112,443 | — | $14,630 | — |
| 2023 | $145,642 | $84,430 | — | $33,240 | — |
| 2022 | $180,797 | — | — | — | — |