# Novolex Holdings, LLC 401(k) Plan
Source: https://planprovider.pro/companies/novolex-packaging-dynamics-corporation-401k-plan

> Novolex Holdings, LLC&#39;s 401(k) plan: 353 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 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](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:** $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|

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