401(k) · DOL Form 5500 · 2022

Novaspect, Inc. 401(k) Plan

Data updated 2026-08-25

$79M
Total assets Below avg plan size
344
Participants Below avg headcount
91st
Percentile by assets National rank
$229,626
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Novaspect, Inc. 401(k) Plan · Sponsored by Novaspect, Inc. · Illinois · Wholesale Trade

$79M in assets, 344 participants

Novaspect, Inc.'s Novaspect, Inc. 401(k) Plan reported $79M in total assets and 344 participants in its 2022 DOL Form 5500 filing, ranking in the 91st 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.

  • #6,359 in Wholesale Trade (6,843 peers)

Coverage in Illinois

Novaspect, Inc. 401(k) Plan covers 344 participants in Illinois, about 44% of the average Illinois filer (state average ~779 per filing). Assets: $79M.

#6,359
in Wholesale Trade (6,843 peers)
-16.8%
assets change YoY
0.8×
vs typical plan assets (national mean)

The plan reported a net loss of $16M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Novaspect, Inc. 401(k) Plan's outsized position by total assets

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

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

$78,991,422 Top 9% higher than 91% 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

Novaspect, 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. Novaspect, Inc. 401(k) Plan sits mid-pack in the medium band (344 participants).

EBSA filing schedule strip

Filing strip 362585273 · Novaspect, Inc. PY 2022 · 401(k)

Novaspect, Inc. 401(k) Plan · $79M · 344 · 91st

  • TYPE $79M
  • TYPE 344
  • TYPE 91st
  • TYPE 401(k)
  • TYPE near Wolfe Clinic, P.C. 401(k) Profit Sharing Plan
  • TYPE ind #6359

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 Illinois →

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

Novaspect, Inc. 401(k) Plan$79MWolfe Clinic, P.C. 401(k) Profit Sharing PlanWolfe Clinic, P.C. 401(k) Pr…$79MPacific Maritime Association Qualified Deferred Compensation PlanPacific Maritime Association…$79MErnst Enterprises Retirement Savings PlanErnst Enterprises Retirement…$79MDte Gas Company Investment and Stock Ownership PlanDte Gas Company Investment a…$79M
End-of-year total assets ($M) among Novaspect, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Illinois filing particulars

Total Assets (Beginning of Year)$95M
Net Assets (End of Year)$79M
Net Income-$16M
Employer EIN362585273
Plan Effective Date1994-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Novaspect, Inc.)

Sponsor-wide plan assets over time

All Novaspect, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$112M 41.94629892850897% vs 2022
2024 filing year
$70M$80M$90M$100M$110M$120M 202220232024 $79M $112M ▲ +42.0%
Year Plans Participants Total Assets
2022 1 344 $79M
2023 1 394 $98M
2024 1 439 $112M

Nearby 401(k) Plans in Illinois

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

Novaspect, Inc. 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants Novaspect, Inc. 401(k) Plan, Total assets ($B): 0.078991422 · Participants: 344Novaspect, Inc. 401(k) PlanState Farm 401(k) Savings Plan, Total assets ($B): 14.651519685 · Participants: 53616State Farm 401(k) Savings PlanAccenture United States 401(k) Match and Savings Plan, Total assets ($B): 14.283954811 · Participants: 66653Accenture United States 401(k) Match and Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 13.333286 · Participants: 36136Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 11.816542826 · Participants: 13437United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 11.682551768 · Participants: 238072Walgreens Retirement Savings Plan
Novaspect, Inc. 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Novaspect, Inc. 401(k) Plan side-by-side with 3 peers →

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

Outside Illinois, the nearest 401(k) by assets is Wolfe Clinic, P.C. 401(k) Profit Sharing Plan in IA ($79M); by covered participants it is Standard Iron 401(k) Retirement Plan in MN (344 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (344 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 Novaspect, Inc. 401(k) Plan assets move in 2022? ▼
Novaspect, Inc. 401(k) Plan declined sharply - down 16.8% during 2022, from $95M to $79M. Reported net income was -$16M.
How have Novaspect, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Novaspect, Inc.'s sponsor-wide assets grew 41.9%, from $79M to $112M.
Where does Novaspect, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Novaspect, Inc. 401(k) Plan ranks in the 91st percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Novaspect, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Wolfe Clinic, P.C. 401(k) Profit Sharing Plan in IA ($79M, 518 participants).
Which 401(k) plans cover a similar participant headcount to Novaspect, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Standard Iron 401(k) Retirement Plan in MN (344 participants, $22M 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 362585273.

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.