Plan Snapshot
- Plan Sponsor: Novolex Holdings, LLC
- Sponsor EIN: 271455725
- Sponsor Address: 101 EAST CAROLINA AVE, HARTSVILLE, SC, 29550
- Plan Type: 401(k)
- Total Participants: 353
- Total Assets: $20.2M
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 | 353 | $20.2M | $627,631 | $1.2M |
| 2023 | 340 | $20.2M | $513,955 | $1.2M |
| 2022 | 377 | $20.0M | $492,663 | $1.2M |
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 |
|---|---|---|---|---|
| BAKER TILLY US, LLP | Auditor | $15,435 | — | $15,435 |
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: $15,435
- Estimated Expense Ratio: 0.076% 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 | $52,989 | $8,687 | — | $15,435 | — |
| 2023 | $47,923 | $9,032 | — | $14,700 | — |
| 2022 | $58,590 | $9,825 | — | — | $13,020 |