Plan Snapshot
- Plan Sponsor: Novolex Holdings, LLC
- Sponsor EIN: 271455725
- Sponsor Address: 101 E CAROLINA AVE, HARTSVILLE, SC, 29550
- Plan Type: 401(k)
- Total Participants: 6,230
- Total Assets: $385.3M
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 | 6,230 | $385.3M | $14.8M | $26.1M |
| 2023 | 6,162 | $347.7M | $14.1M | $24.5M |
| 2022 | 6,110 | $300.1M | $12.6M | $23.1M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORD KEEPER | $568,293 | — | $568,293 |
| RAYMOND JAMES & ASSOCIATES | CONSULTANT | $150,000 | — | $150,000 |
| BAKER TILLY US, LLP | AUDITOR | $19,845 | — | $19,845 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORD KEEPER
- RAYMOND JAMES & ASSOCIATES — CONSULTANT
- 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: $738,138
- Estimated Expense Ratio: 0.192% 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 | $738,138 | $150,000 | — | $19,845 | — |
| 2023 | $712,443 | $148,814 | — | $18,900 | — |
| 2022 | $733,163 | $148,682 | — | — | $17,325 |