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Original filing (PDF)20251010120437NAL0008118289001
NOVEL ENERGY SOLUTIONS, LLC
Form 5500
FILING_RECEIVED
NES 401(K) PLAN
401(k) retirement plan
Signals · 1
~79 bps in Sched C fees
Active participants
281
Accounts w/ balance
319
Plan assets (EOY)
$5.1M
Net assets (EOY)
$5.1M
How this plan invests
This plan
27 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
91
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
100
Participation health
100
Knocking points off
- 79 bps in Schedule C fees — 52% above peer band of 52 bps.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for NOVEL ENERGY SOLUTIONS, LLC.
Plan sponsor
Name
NOVEL ENERGY SOLUTIONS, LLC
EIN
45-5469407
Address
2303 WYCLIFF STREET SUITE 300 · ST. PAUL, MN · 55114
Phone
(651) 788-6616
Industry
Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-10
Pension benefit codes
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2S · Automatic enrollment
2T · Default investment account (QDIA)
3B · Covers self-employed individuals
2F · ERISA section 404(c)
2E · Profit-sharing
3D · Pre-approved plan (master / prototype / VS)
Audit & trust (Schedule H)
Auditor
BOYUM & BARENSCHEER PLLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
3 rowsRecordkeeper
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | 04-2647786 | — | RECORDKEEPER | $23K | — |
Advisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| HAYS FINANCIAL GROUP | 41-1931920 | — | ADVISOR | $17K | — |
Other
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| WEALTH MANAGEMENT SYSTEMS INC | 22-3734996 | — | OTHER | $0 | — |
Investments
27 direct securities· $5.1M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Fidelity Freedom 2055 Fund Class K6 | — | — | — | $632K | 12.4% | |
| Fidelity Freedom 2060 Fund Class K6 | — | — | — | $631K | 12.4% | |
| Fidelity Freedom 2050 Fund Class K6 | — | — | — | $611K | 12.0% | |
| Fidelity Freedom 2035 Fund Class K6 | — | — | — | $466K | 9.2% | |
| Fidelity Freedom 2030 Fund Class K6 | — | — | — | $313K | 6.2% | |
| Fidelity Freedom 2040 Fund Class K6 | — | — | — | $306K | 6.0% | |
| Fidelity 500 Index Fund | — | — | — | $296K | 5.8% | |
| Fidelity Freedom 2065 Fund Class K6 | — | — | — | $229K | 4.5% | |
| JPMorgan Large Cap Growth Fund Class R6 | — | — | — | $226K | 4.4% | |
| Calvert International Equity Fund Class R6 | — | — | — | $209K | 4.1% | |
| Notes Receivable from participants | — | — | — | $177K | 3.5% | |
| BlackRock Sustainable Advantage Large Cap Core Fund Class K | — | — | — | $154K | 3.0% | |
| Calvert Bond Fund Class R6 | — | — | — | $134K | 2.6% | |
| Fidelity Freedom 2045 Fund Class K6 | — | — | — | $119K | 2.3% | |
| Fidelity Mid Cap Index Fund | — | — | — | $113K | 2.2% | |
| Fidekity Government Money Market Fund Class K6 | — | — | — | $104K | 2.0% | |
| Fidelity Freedom 2025 Fund Class K6 | — | — | — | $91K | 1.8% | |
| American Century Small Cap Growth fund R6 Class | — | — | — | $68K | 1.3% | |
| Putnam Large Cap Value Fund Class R6 | — | — | — | $61K | 1.2% | |
| Cohen & Steers Real Estate Securities Fund, Inc. Class A | — | — | — | $34K | 0.7% | |
| Fidelity Freedom 2015 Fund Class K6 | — | — | — | $29K | 0.6% | |
| Invesco Small Cap Value Fund Class R6 | — | — | — | $26K | 0.5% | |
| Fidelity Freedom 2020 Fund Class K6 | — | — | — | $20K | 0.4% | |
| Fidelity Freedom Income Fund Class K6 | — | — | — | $13K | 0.3% | |
| Pimco International Bond Fund (U.S. Dollar-Hedged) Class A | — | — | — | $13K | 0.2% | |
| Fidelity Freedom 2070 Fund Class K6 | — | — | — | $6K | 0.1% | |
| Fidelity Freedom 2010 Fund Class K6 | — | — | — | $1K | <0.1% |
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