# Novetus Engineering LLC 401(k) Plan
Source: https://planprovider.pro/companies/novetus-engineering-llc-401k-plan

> Novetus Engineering LLC's 401(k) plan: 70 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Novetus Engineering LLC

- **Sponsor EIN:** 274617569

- **Sponsor Address:** P. O. BOX 940455, HOUSTON, TX, 77094

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

- **Total Participants:** 70

- **Total Assets:** $7.4M

## 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|70|$7.4M|$108,831|$604,725|

| 2023|53|$4.9M|$61,458|$509,145|

| 2022|49|$4.1M|$52,728|$520,821|

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