401(k) · DOL Form 5500 · 2023

Novo Distribution, LLC 401(k) Plan

Data updated 2026-08-25

$38M
Total assets Below avg plan size
1,093
Participants Near avg headcount
82nd
Percentile by assets National rank
$34,402
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Novo Building Products · Sponsored by Novo Distribution, LLC · Michigan · Wholesale Trade

$38M in assets, 1,093 participants

Novo Distribution, LLC's Novo Building Products reported $38M in total assets and 1,093 participants in its 2023 DOL Form 5500 filing, ranking in the 82nd 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.

  • #5,196 in Wholesale Trade (6,309 peers)

Where Novo Building Products sits by assets

Novo Building Products sits in the top quartile of all filed plans by assets, $38M for 1,093 participants (~$34,402/participant), up 22.3% in 2023.

#5,196
in Wholesale Trade (6,309 peers)
+22.3%
assets growth YoY
0.4×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$37,601,850 Top 18% higher than 82% of 127,068 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 2023

Novo Building Products's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Novo Building Products lands in the large band (1,093 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Novo Building Products reported net income rose from -$5M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Novo Building Products end-of-year assets rose from $31M in the plan year 2022 filing to $38M in the plan year 2023 filing.
  • Novo Building Products reported participants fell from 1,140 in the plan year 2022 filing to 1,093 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 383135188 · Novo Distribution, LLC PY 2023 · 401(k)

Novo Building Products · $38M · 1,093 · 82nd

  • PART $38M
  • TYPE 1,093
  • NET 82nd
  • BOOK 401(k)
  • VS-ST near Storopack, Inc. 401(k) Savings Plan
  • BOY ind #5196

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

Southwest Human Development, Inc. 401(k) and Profit Sharing PlanSouthwest Human Development,…$38MNovo Building Products$38MStoropack, Inc. 401(k) Savings PlanStoropack, Inc. 401(k) Savin…$38MRiddle's Group, Inc. Retirement Savings PlanRiddle's Group, Inc. Retirem…$38MNew Process Steel, L.P. Employee Retirement & Savings TrustNew Process Steel, L.P. Empl…$38M
End-of-year total assets ($M) among Novo Building Products and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$31M
Net Assets (End of Year)$38M
Net Income$7M
Employer EIN383135188
Plan Effective Date1993-10-01
Filing StatusFILING 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
$25M$30M$35M$40M$45M 202220232024 $30.8M $42.9M ▲ +39.6%
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.

Novo Building Products vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510152025 Total assets ($B) Participants Novo Building Products, Total assets ($B): 0.03760185 · Participants: 1093Novo Building ProductsGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 20.378449285 · Participants: 47299General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 15.588575271 · Participants: 30516Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.084842211 · Participants: 18088The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 8.580684909 · Participants: 40393The 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): 7.617084451 · Participants: 59195Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Novo Building Products vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Novo Building Products side-by-side with 3 peers →

Novo Building Products's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Storopack, Inc. 401(k) Savings Plan in OH ($38M); by covered participants it is Future Foam Inc 401(k) Ps Retirement Plan in IA (1,093 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,093 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Novo Building Products assets move in 2023? ▼
Novo Building Products grew sharply - up 22.3% during 2023, from $31M to $38M. Reported net income was $7M.
How have Novo Distribution, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Novo Distribution, LLC's sponsor-wide assets grew 39.6%, from $31M to $43M.
Where does Novo Building Products rank by assets among Form 5500 filers? ▼
Novo Building Products ranks in the 82nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Novo Building Products? ▼
Among 401(k) plans in other states, the closest by assets is Storopack, Inc. 401(k) Savings Plan in OH ($38M, 453 participants).
Which 401(k) plans cover a similar participant headcount to Novo Building Products? ▼
Among 401(k) plans in other states, the closest by covered participants is Future Foam Inc 401(k) Ps Retirement Plan in IA (1,093 participants, $54M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 383135188.

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.