# Novateur Education, INC. 401(k) Plan
Source: https://planprovider.pro/companies/novateur-education-inc-401k-plan

> Novateur Education, INC.'s 401(k) plan: 2,192 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Novateur Education, INC.

- **Sponsor EIN:** 540799894

- **Sponsor Address:** 5555 GREENWICH RD. SUITE 600, VIRGINIA BEACH, VA, 23462

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

- **Total Participants:** 2,192

- **Total Assets:** $124.1M

## 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|2,192|$124.1M|$2.1M|$8.1M|

| 2023|2,015|$109.0M|$1.7M|$7.5M|

| 2022|1,964|$92.8M|$1.7M|$6.9M|

## 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|

| EMPOWER ANNUITY INSURANCE COMPANY|NONE|$156,550|—|$156,550|

| EMPOWER ADVISORY GROUP, LLC|NONE|$29,265|—|$29,265|

| PBMARES, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [PBMARES, LLP](https://planprovider.pro/provider/pbmares-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $185,815

- **Estimated Expense Ratio:** 0.150% 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|$185,815|$29,265|—|—|—|

| 2023|$148,211|$78,988|—|—|—|

| 2022|$63,792|$13,960|$49,532|—|$300|

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