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
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 160 | H, C | 20250422140615NAL0002355011001 |
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)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $10,402 | $0 | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $7,712 | $0 | 2023 |
| Hays Financial Group | ADVISOR | $6,343 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Novel Energy Solutions, LLC
- 2023 Form 5500 filing
- Form 5500 filings in MN
- 401(k) and benefit plan filings in St. Paul, MN
- Fidelity Investments Institutional — Schedule C compensation
- Empower Annuity Insurance Company — Schedule C compensation
- Hays Financial Group — Schedule C compensation