Plan Snapshot
- Plan Sponsor: Novolex Holdings, LLC
- Sponsor EIN: 271455725
- Sponsor Address: 101 EAST CAROLINA AVENUE, HARTSVILLE, SC, 29550
- Plan Type: 401(k)
- Total Participants: 980
- Total Assets: $17.4M
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 | 980 | $17.4M | $1.4M | $2.0M |
| 2023 | 981 | $14.3M | $1.2M | $1.8M |
| 2022 | 954 | $11.4M | $874,313 | $1.8M |
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 |
|---|---|---|---|---|
| BAKER TILLY, US LLP | Auditor | $11,340 | — | $11,340 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY, US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,340
- Estimated Expense Ratio: 0.065% 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 | $78,656 | $4,500 | — | $11,340 | — |
| 2023 | $79,249 | $4,500 | — | $14,700 | — |
| 2022 | $91,054 | $4,500 | — | — | $13,020 |