# Novolex Holdings, LLC 401(k) Plan
Source: https://planprovider.pro/companies/novolex-duro-hilex-poly-llc-401k-plan

> Novolex Holdings, LLC&#39;s 401(k) plan: 980 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|

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