Plan Snapshot
- Plan Sponsor: Novus Media LLC
- Sponsor EIN: 223757647
- Sponsor Address: 7900 XERXES AVENUE, SUITE 310, BLOOMINGTON, MN, 554311118
- Plan Type: 401(k)
- Total Participants: 60
- Total Assets: $13.3M
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 | 60 | $13.3M | $305,488 | $777,719 |
| 2023 | 86 | $12.6M | $323,539 | $883,307 |
| 2022 | 93 | $10.7M | $394,367 | $854,321 |
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 |
|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $72,794 | — | $72,794 | — | — |
| 2023 | $68,635 | — | $68,635 | — | — |
| 2022 | $70,331 | — | $70,331 | — | — |