401(k) · DOL Form 5500 · 2023

Novatec, Inc. 401(k) Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets
113
Participants Small participant base
60th
Percentile by assets National rank
$96,463
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

$11M in assets, 113 participants

Novatec, Inc.'s Novatec, Inc. 401(k) Plan reported $11M in total assets and 113 participants in its 2023 DOL Form 5500 filing, ranking in the 60th 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.

  • #8,801 in Manufacturing (18,722 peers)

Coverage in Maryland

Novatec, Inc. 401(k) Plan covers 113 participants in Maryland, about 12% of the average Maryland filer (state average ~929 per filing). Assets: $11M.

#8,801
in Manufacturing (18,722 peers)
+22.0%
assets growth YoY

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 2023 · DOL Form 5500

$10,900,272 Top 40% higher than 60% 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

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

Plan-year 2023 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 (113 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Novatec, Inc. 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Novatec, Inc. 401(k) Plan end-of-year assets rose from $9M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Novatec, Inc. 401(k) Plan reported participants rose from 107 in the plan year 2022 filing to 113 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 520815915 · Novatec, Inc. PY 2023 · 401(k)

Novatec, Inc. 401(k) Plan · $11M · 113 · 60th

  • EIN $11M
  • RANK 113
  • PHOTO 60th
  • IND 401(k)
  • EOY near Butler America Aerospace LLC 401(k) Plan
  • 5500 ind #8801

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$11MButler America Aerospace LLC 401(k) PlanButler America Aerospace LLC…$11MLanguage Services Associates, Inc. 401(k) PlanLanguage Services Associates…$11MByrne Electrical Specialists, Inc. Retirement Savings PlanByrne Electrical Specialists…$11MAce World Wide 401(k) Plan$11M
End-of-year total assets ($M) among Novatec, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Maryland filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$11M
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. -50000050000100000150000 -200204060 Total assets ($B) Participants Novatec, Inc. 401(k) Plan, Total assets ($B): 0.010900272 · Participants: 113Novatec, Inc. 401(k) PlanLockheed Martin Corporation Salaried Savings Plan, Total assets ($B): 47.273019756 · Participants: 91511Lockheed Martin Corporation Salaried Savings PlanMarriott Retirement Savings Plan, Total assets ($B): 10.20606962 · Participants: 96415Marriott Retirement Savings PlanT. Rowe Price U.S. Retirement Program, Total assets ($B): 4.357344903 · Participants: 6292T. Rowe Price U.S. Retirement ProgramNfl Player Second Career Savings Plan, Total assets ($B): 3.951576315 · Participants: 2767Nfl Player Second Career Savings PlanSodexo 401 (K) Employees' Retirement Savings Plan and Trust, Total assets ($B): 2.217483854 · Participants: 80121Sodexo 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 Butler America Aerospace LLC 401(k) Plan in CT ($11M); by covered participants it is Carteret Management Corporation 401(k) Plan in FL (113 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (113 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 Novatec, Inc. 401(k) Plan assets move in 2023? ▼
Novatec, Inc. 401(k) Plan grew sharply - up 22.0% during 2023, from $9M to $11M. 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 Butler America Aerospace LLC 401(k) Plan in CT ($11M, 421 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 Carteret Management Corporation 401(k) Plan in FL (113 participants, $475K 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 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.