401(k) · DOL Form 5500 · 2022

Novares US LLC 401(k) Plan

Data updated 2026-08-25

$24M
Total assets Small plan by assets
409
Participants Below avg headcount
80th
Percentile by assets National rank
$59,866
Avg per participant Low balance/head
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Official DOL plan name: Novares US LLC 401(k) Plan · Sponsored by Novares US LLC · Michigan · Manufacturing

$24M in assets, 409 participants

Novares US LLC's Novares US LLC 401(k) Plan reported $24M in total assets and 409 participants in its 2022 DOL Form 5500 filing, ranking in the 80th 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.

  • #14,826 in Manufacturing (20,602 peers)

Where Novares US LLC 401(k) Plan sits by assets

Novares US LLC 401(k) Plan sits in the top quartile of all filed plans by assets, $24M for 409 participants (~$59,866/participant), down 24.4% in 2022.

#14,826
in Manufacturing (20,602 peers)
-24.4%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $8M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Novares US LLC 401(k) Plan's outsized position by total assets

Novares US LLC 401(k) Plan vs every filed plan by assets

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

$24,485,047 Top 20% higher than 80% 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

Novares US LLC 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. Novares US LLC 401(k) Plan sits mid-pack in the medium band (409 participants).

Published 5500 schedule card

Filing strip 351997449 · Novares US LLC PY 2022 · 401(k)

Novares US LLC 401(k) Plan · $24M · 409 · 80th

  • RANK $24M
  • RANK 409
  • RANK 80th
  • RANK 401(k)
  • RANK near Health Intelligence Company, LLC Tax-Favored Savings Program
  • RANK ind #14826

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 Michigan →

Novares US LLC 401(k) Plan in the asset neighbourhood

Novares US LLC 401(k) Plan$24MHealth Intelligence Company, LLC Tax-Favored Savings ProgramHealth Intelligence Company,…$24MSheridan Ross P.C. 401(k) Profit Sharing PlanSheridan Ross P.C. 401(k) Pr…$24MNorth Atlantic Industries, Inc. 401(k) PlanNorth Atlantic Industries, I…$24MLight Sources, Inc.401(k) PlanLight Sources, Inc.401(k) Pl…$24M
End-of-year total assets ($M) among Novares US LLC 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$32M
Net Assets (End of Year)$24M
Net Income-$8M
Employer EIN351997449
Plan Effective Date1966-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Novares US LLC)

Sponsor-wide plan assets over time

All Novares US LLC plans reported in each filing year

Latest sponsor-wide plan assets
$29M 17.554011638205147% vs 2022
2024 filing year
$24M$26M$28M$30M 202220232024 $24.5M $28.8M ▲ +17.5%
Year Plans Participants Total Assets
2022 1 409 $24M
2023 1 386 $26M
2024 1 361 $29M

Nearby 401(k) Plans in Michigan

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

Novares US LLC 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Novares US LLC 401(k) Plan, Total assets ($B): 0.024485047 · Participants: 409Novares US LLC 401(k) PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 18.071817726 · Participants: 43382General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 13.833597622 · Participants: 32974Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 9.307640951 · Participants: 16930The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 7.545889119 · Participants: 40458The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 6.44558193 · Participants: 57811Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Novares US LLC 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Novares US LLC 401(k) Plan side-by-side with 3 peers →

Novares US LLC 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Health Intelligence Company, LLC Tax-Favored Savings Program in IL ($24M); by covered participants it is Cb Richard Ellis - Ne Partners, L.P. 401(k) Retirement Plan & Trust in MA (409 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (409 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 Novares US LLC 401(k) Plan assets move in 2022? ▼
Novares US LLC 401(k) Plan declined sharply - down 24.4% during 2022, from $32M to $24M. Reported net income was -$8M.
How have Novares US LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Novares US LLC's sponsor-wide assets grew 17.6%, from $24M to $29M.
Where does Novares US LLC 401(k) Plan rank by assets among Form 5500 filers? ▼
Novares US LLC 401(k) Plan ranks in the 80th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Novares US LLC 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Health Intelligence Company, LLC Tax-Favored Savings Program in IL ($24M, 172 participants).
Which 401(k) plans cover a similar participant headcount to Novares US LLC 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Cb Richard Ellis - Ne Partners, L.P. 401(k) Retirement Plan & Trust in MA (409 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 351997449.

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.