401(k) · DOL Form 5500 · 2022
Novo Distribution, LLC 401(k) Plan
Data updated 2026-08-25
- $31M
- Total assets Below avg plan size
- 1,140
- Participants Near avg headcount
- 83rd
- Percentile by assets National rank
- $26,979
- Avg per participant Low balance/head
Official DOL plan name: Novo Building Products · Sponsored by Novo Distribution, LLC · Michigan · Wholesale Trade
$31M in assets, 1,140 participants
Novo Distribution, LLC's Novo Building Products reported $31M in total assets and 1,140 participants in its 2022 DOL Form 5500 filing, ranking in the 83rd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #5,667 in Wholesale Trade (6,843 peers)
Where Novo Building Products sits by assets
Novo Building Products sits in the top quartile of all filed plans by assets, $31M for 1,140 participants (~$26,979/participant), down 15.1% in 2022.
- #5,667
- in Wholesale Trade (6,843 peers)
- -15.1%
- assets change YoY
- 0.3×
- vs typical plan assets (national mean)
The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Novo Building Products's outsized position by total assets
Novo Building Products vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$30,755,723 Top 17% higher than 83% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Novo Building Products's large-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Novo Building Products lands in the large band (1,140 participants).
Form 5500 schedule snapshot
Filing strip 383135188 · Novo Distribution, LLC PY 2022 · 401(k)
Novo Building Products · $31M · 1,140 · 83rd
- TYPE $31M
- NET 1,140
- BOOK 83rd
- VS-ST 401(k)
- BOY near Nacds 401(k) Incentive Savings Plan
- SCH ind #5667
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Wholesale Trade retirement plans → · Plans in Michigan →
Novo Building Products in the asset neighbourhood
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $36M |
|---|---|
| Net Assets (End of Year) | $31M |
| Net Income | -$5M |
| Employer EIN | 383135188 |
| Plan Effective Date | 1993-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Novo Distribution, LLC)
Sponsor-wide plan assets over time
All Novo Distribution, LLC plans reported in each filing year
- Latest sponsor-wide plan assets
- $43M 39.617673757823866% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,140 | $31M |
| 2023 | 1 | 1,093 | $38M |
| 2024 | 1 | 1,015 | $43M |
Nearby 401(k) Plans in Michigan
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- General Motors Retirement Savings Plan for Salaried Employees in the United States $18.1B · 43,382
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $13.8B · 32,974
- The Dow Chemical Company Employees' Savings Plan $9.3B · 16,930
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $7.5B · 40,458
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $6.4B · 57,811
Novo Building Products's out-of-state 401(k) peers by assets and headcount
Outside Michigan, the nearest 401(k) by assets is Nacds 401(k) Incentive Savings Plan in VA ($31M); by covered participants it is The Bodycote International, Inc. Retirement Plan in TX (1,140 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($31M here).
- Nacds 401(k) Incentive Savings Plan (VA) $31M · 51
- Diamond Employee Savings and 401(k) Plan Profit Sharing Plan and Trust (MD) $31M · 613
- Conroy Simberg 401(k) Plan (FL) $31M · 326
- Iomsa, P.C. Retirement Plan (IN) $31M · 116
Similar participant headcount
Nearest other-state filings by covered participants (1,140 participants); asset peers above are excluded.
- The Bodycote International, Inc. Retirement Plan (TX) 1,140 · 0 off
- Juniper Landscaping of Florida, LLC 401(k) Profit Sharing Plan & Trust (FL) 1,140 · 0 off
- Epic Healthcare Management, LLC 401(k) Plan (NY) 1,140 · 0 off
- Brg 401(k) Plan (DC) 1,141 · 1 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.