Tipp Distributors, Inc. Dba Novamex 401(K) Plan — Form 5500 plan (Tipp Distributors, Inc. Dba Novamex)
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, Tipp Distributors, Inc. Dba Novamex 401(K) Plan is a benefit plan reported by Tipp Distributors, Inc. Dba Novamex under EIN 74-2444846 and plan number 002. The latest loaded filing year is 2023. The filing reports 414 participants and $30,039,013 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Tipp Distributors, Inc. Dba Novamex
- EIN
- 74-2444846
- Plan number
- 002
- Plan type
- 2
- Location
- El Paso, TX
- Latest filing year
- 2023
- Participants
- 414
- End-of-year plan assets
- $30,039,013
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 414 | H, C | 20241015171206NAL0049073744001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $30,039,013
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $30,039,013
- Net assets (BOY)
- $24,294,802
Income & contributions
- Employer contributions
- $907,613
- Participant contributions
- $1,682,226
- Total contributions
- $2,688,915
- Total income / additions
- $6,678,684
Expenses & distributions
- Benefits paid
- $729,030
- Administrative expenses
- $125,053
- Total expenses
- $934,473
- Net increase / (decrease)
- $5,744,211
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| M Holdings Securities | SERVICE PROVIDER | $0 | $66,132 | 2023 |
| Momenta, Inc. | TPA | $0 | $16,703 | 2023 |
| Nova 4019k) Associates | TPA | $0 | $5,260 | 2023 |
| Voya Retirement Insurance Co | SERVICE PROVIDER | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Tipp Distributors, Inc. Dba Novamex
- 2023 Form 5500 filing
- Form 5500 filings in TX
- 401(k) and benefit plan filings in El Paso, TX
- M Holdings Securities — Schedule C compensation
- Momenta, Inc. — Schedule C compensation
- Nova 4019k) Associates — Schedule C compensation
- Voya Retirement Insurance Co — Schedule C compensation