Nes 401(K) Plan — Form 5500 plan (Novel Energy Solutions, LLC)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Nes 401(K) Plan is a benefit plan reported by Novel Energy Solutions, LLC under EIN 45-5469407 and plan number 001. The latest loaded filing year is 2023. The filing reports 160 participants and $3,258,502 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Novel Energy Solutions, LLC
EIN
45-5469407
Plan number
001
Plan type
2
Location
St. Paul, MN
Latest filing year
2023
Participants
160
End-of-year plan assets
$3,258,502

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023160H, C20250422140615NAL0002355011001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$3,258,502
Total liabilities (EOY)
$0
Net assets (EOY)
$3,258,502
Net assets (BOY)
$1,823,738

Income & contributions

Employer contributions
$187,834
Participant contributions
$1,132,463
Total contributions
$1,391,972
Total income / additions
$1,819,247

Expenses & distributions

Benefits paid
$356,991
Administrative expenses
$27,492
Total expenses
$384,483
Net increase / (decrease)
$1,434,764

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Fidelity Investments InstitutionalRECORDKEEPER$10,402$02023
Empower Annuity Insurance CompanyRECORDKEEPER$7,712$02023
Hays Financial GroupADVISOR$6,343not reported in the loaded dataset2023

Related Form 5500 pages