# Novatec, INC. 401(k) Plan
Source: https://planprovider.pro/companies/novatec-inc-401k-plan

> Novatec, INC.'s 401(k) plan: 108 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Novatec, INC.

- **Sponsor EIN:** 520815915

- **Sponsor Address:** 222 EAST THOMAS AVENUE, BALTIMORE, MD, 21225

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

- **Total Participants:** 108

- **Total Assets:** $12.5M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **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|108|$12.5M|$293,354|$554,369|

| 2023|115|$10.9M|$299,624|$585,363|

| 2022|83|$8.9M|$247,176|$579,507|

## 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|

| CREATIVE FINANCIAL GROUP|INVESTMENT ADVISOR|$34,371|—|$34,371|

| PROFESSIONAL CAPITAL SERVICES, LLC.|CONTRACT ADMINISTRATOR|$24,998|—|$24,998|

| NEWSQUARE CAPITAL, LLC|INVESTMENT MANAGEMENT|$22,914|—|$22,914|

| GROSS MENDELSOHN|AUDITOR|$17,818|—|$17,818|

### Verified Provider Profiles

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

- [PROFESSIONAL CAPITAL SERVICES, LLC.](https://planprovider.pro/provider/pcs-retirement-llc) — CONTRACT ADMINISTRATOR

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $100,101

- **Estimated Expense Ratio:** 0.798% 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|$100,101|$57,285|$24,998|$17,818|—|

| 2023|$71,721|$47,940|$23,781|—|—|

| 2022|$76,506|$36,306|$40,200|—|—|

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