# Tipp Distributors, INC. Dba Novamex 401(k) Plan
Source: https://planprovider.pro/companies/tipp-distributors-inc-dba-novamex-401k-plan

> Tipp Distributors, INC. Dba Novamex's 401(k) plan: 252 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/tipp-distributors-inc-dba-novamex-401k-plan)

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