Plan Snapshot
- Plan Sponsor: Novum Holdings LLC
- Sponsor EIN: 204601445
- Sponsor Address: W126N8585 WESTBROOK CROSSING, MENOMONEE FALLS, WI, 53051
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 118
- Total Assets: $26.8M
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. |
|---|---|---|---|---|
| 2025 | 118 | $26.8M | $0 | $0 |
| 2024 | 95 | $24.4M | $411,386 | $1.0M |
| 2023 | 81 | $21.6M | $346,253 | $962,751 |
| 2022 | 87 | $17.4M | $342,365 | $897,955 |
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 |
|---|---|---|---|---|
| NORTHWESTERN MUTUAL WEALTH MGMT CO | Other Service Provider | — | $49,802 | $49,802 |
| VRAKAS BUSINESS VALUATIONS | Other Service Provider | $10,500 | — | $10,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,302
- Estimated Expense Ratio: 0.225% 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 |
|---|---|---|---|---|---|
| 2025 | $2,562,516 | $14,445 | $4,335 | — | — |
| 2024 | $13,810 | $10,210 | $3,250 | — | — |
| 2023 | $4,157 | $2,056 | $1,201 | — | — |
| 2022 | $3,740 | $3,740 | — | — | — |