Plan Snapshot
- Plan Sponsor: Novelle Health, LLC
- Sponsor EIN: 814686656
- Sponsor Address: 720 BROOKER CREEK BLVD, OLDSMAR, FL, 34677
- Plan Type: 401(k)
- Total Participants: 288
- Total Assets: $29.4M
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 | 288 | $29.4M | $703,940 | $1.8M |
| 2023 | 296 | $25.3M | $779,944 | $1.8M |
| 2022 | 287 | $20.4M | $698,156 | $1.7M |
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 INS CO | Recordkeeper | $50,475 | — | $50,475 |
| ONEDIGITAL INVESTMENT ADV | Other Service Provider | $37,490 | — | $37,490 |
| FLORIDA RETIREMENT CONSULTANTS | Other Service Provider | $9,483 | — | $9,483 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $97,448
- Estimated Expense Ratio: 0.332% 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 | $95,148 | $46,169 | $9,483 | — | — |
| 2023 | $89,628 | $42,398 | $7,051 | — | — |
| 2022 | $82,140 | $41,843 | $40,297 | — | — |