401(k) · DOL Form 5500 · 2022

Novatec, Inc. 401(k) Plan

Data updated 2026-08-25

$9M
Total assets Small plan by assets
107
Participants Small participant base
63rd
Percentile by assets National rank
$83,533
Avg per participant Below avg balance/head
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Official DOL plan name: Novatec, Inc. 401(k) Plan · Sponsored by Novatec, Inc. · Maryland · Manufacturing

$9M in assets, 107 participants

Novatec, Inc.'s Novatec, Inc. 401(k) Plan reported $9M in total assets and 107 participants in its 2022 DOL Form 5500 filing, ranking in the 63rd 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.

  • #10,134 in Manufacturing (20,602 peers)

Coverage in Maryland

Novatec, Inc. 401(k) Plan covers 107 participants in Maryland, about 12% of the average Maryland filer (state average ~929 per filing). Assets: $9M.

#10,134
in Manufacturing (20,602 peers)
-15.6%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Novatec, Inc. 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

Novatec, Inc. 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$8,938,030 Top 37% higher than 63% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Novatec, Inc. 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Novatec, Inc. 401(k) Plan sits mid-pack in the medium band (107 participants).

Published 5500 schedule card

Filing strip 520815915 · Novatec, Inc. PY 2022 · 401(k)

Novatec, Inc. 401(k) Plan · $9M · 107 · 63rd

  • PCT $9M
  • PCT 107
  • PCT 63rd
  • PCT 401(k)
  • PCT near St. Joseph Holdings, LLC 401(k) Plan
  • PCT ind #10134

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 Manufacturing retirement plans → · Plans in Maryland →

Novatec, Inc. 401(k) Plan in the asset neighbourhood

Novatec, Inc. 401(k) Plan$9MSt. Joseph Holdings, LLC 401(k) PlanSt. Joseph Holdings, LLC 401…$9MMagnitude 7 Metals 401(k) PlanMagnitude 7 Metals 401(k) Pl…$9MBeauty Express Salons & Stores 401(k) Profit Sharing Plan and TrustBeauty Express Salons & Stor…$9MRid Ventures, LLC 401(k) Savings and Retirement PlanRid Ventures, LLC 401(k) Sav…$9M
End-of-year total assets ($M) among Novatec, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Maryland filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$9M
Net Income-$2M
Employer EIN520815915
Plan Effective Date2008-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Novatec, Inc.)

Sponsor-wide plan assets over time

All Novatec, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$13M 40.292681944455325% vs 2022
2024 filing year
$8M$10M$12M$14M 202220232024 $8.94M $12.5M ▲ +40.3%
Year Plans Participants Total Assets
2022 1 107 $9M
2023 1 113 $11M
2024 1 117 $13M

Nearby 401(k) Plans in Maryland

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Novatec, Inc. 401(k) Plan vs. nearby 401(k) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -1001020304050 Total assets ($B) Participants Novatec, Inc. 401(k) Plan, Total assets ($B): 0.00893803 · Participants: 107Novatec, Inc. 401(k) PlanLockheed Martin Corporation Salaried Savings Plan, Total assets ($B): 43.624690273 · Participants: 87666Lockheed Martin Corporation Salaried Savings PlanMarriott Retirement Savings Plan, Total assets ($B): 8.25929933 · Participants: 82576Marriott Retirement Savings PlanT. Rowe Price U.S. Retirement Program, Total assets ($B): 3.651080244 · Participants: 6107T. Rowe Price U.S. Retirement ProgramNfl Player Second Career Savings Plan, Total assets ($B): 3.260404321 · Participants: 2819Nfl Player Second Career Savings PlanSodexo 401 (K) Employees' Retirement Savings Plan and Trust, Total assets ($B): 1.938654635 · Participants: 74729Sodexo 401 (K) Employees' Retirement Savings Plan and Trust
Novatec, Inc. 401(k) Plan vs. nearby 401(k) plans in Maryland, assets vs. participants
Compare Novatec, Inc. 401(k) Plan side-by-side with 3 peers →

Novatec, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Maryland, the nearest 401(k) by assets is St. Joseph Holdings, LLC 401(k) Plan in LA ($9M); by covered participants it is First National Bank in Howell 401 (K) Plan in MI (107 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (107 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Novatec, Inc. 401(k) Plan assets move in 2022? ▼
Novatec, Inc. 401(k) Plan declined sharply - down 15.6% during 2022, from $11M to $9M. Reported net income was -$2M.
How have Novatec, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Novatec, Inc.'s sponsor-wide assets grew 40.3%, from $9M to $13M.
Which 401(k) plans are similar in size to Novatec, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is St. Joseph Holdings, LLC 401(k) Plan in LA ($9M, 1,523 participants).
Which 401(k) plans cover a similar participant headcount to Novatec, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is First National Bank in Howell 401 (K) Plan in MI (107 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 520815915.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.