Plan Snapshot
- Plan Sponsor: Novo Distribution, LLC
- Sponsor EIN: 383135188
- Sponsor Address: PO BOX 17, ZEELAND, MI, 49464
- Plan Type: 401(k)
- Total Participants: 1,319
- Total Assets: $42.9M
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 | 1,319 | $42.9M | $835,085 | $4.2M |
| 2023 | 1,015 | $37.6M | $831,356 | $4.1M |
| 2022 | 1,093 | $30.8M | $834,190 | $4.2M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $116,265 | — | $116,265 |
| DS INVESTMENT ADVISORS | ADVISOR | $86,230 | — | $86,230 |
| DOLINKA, VANNOORD & COMPANY PLLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- DS INVESTMENT ADVISORS — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $202,495
- Estimated Expense Ratio: 0.472% 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 | $202,495 | $86,230 | — | — | — |
| 2023 | $177,561 | $72,207 | — | — | — |
| 2022 | $172,278 | — | — | — | — |