# Novo Distribution, LLC 401(k) Plan
Source: https://planprovider.pro/companies/novo-distribution-llc-401k-plan

> Novo Distribution, LLC's 401(k) plan: 1,319 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [DS INVESTMENT ADVISORS](https://planprovider.pro/provider/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|—|—|—|—|

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