Plan Snapshot
- Plan Sponsor: Tipp Distributors, INC. Dba Novamex
- Sponsor EIN: 742444846
- Sponsor Address: 500 WEST OVERLAND AVENUE SUITE 300, EL PASO, TX, 79901
- Plan Type: 401(k)
- Total Participants: 252
- Total Assets: $33.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 252 | $33.4M | $939,979 | $1.7M |
| 2023 | 262 | $30.0M | $907,613 | $1.7M |
| 2022 | 332 | $24.3M | $905,135 | $1.6M |
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 |
|---|---|---|---|---|
| M HOLDINGS SECURITIES | SERVICE PROVIDER | — | $70,543 | $70,543 |
| MOMENTA, INC. | TPA | — | $14,837 | $14,837 |
| VOYA RETIREMENT ADVISORS | SERVICE PROVIDER | $6,073 | — | $6,073 |
| PRICEKUBECKA, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PRICEKUBECKA, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,453
- Estimated Expense Ratio: 0.274% 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 | $147,525 | $8,639 | $138,036 | — | — |
| 2023 | $125,053 | $6,118 | $113,328 | — | — |
| 2022 | $145,115 | — | — | — | $145,115 |