401(k) · DOL Form 5500 · 2023

Novares US LLC 401(k) Plan

Data updated 2026-08-25

$26M
Total assets Below avg plan size
386
Participants Below avg headcount
77th
Percentile by assets National rank
$67,171
Avg per participant Below avg balance/head
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Official DOL plan name: Novares US LLC 401(k) Plan · Sponsored by Novares US LLC · Michigan · Manufacturing

$26M in assets, 386 participants

Novares US LLC's Novares US LLC 401(k) Plan reported $26M in total assets and 386 participants in its 2023 DOL Form 5500 filing, ranking in the 77th 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.

  • #12,769 in Manufacturing (18,722 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, $26M for 386 participants (~$67,171/participant), up 5.9% in 2023.

#12,769
in Manufacturing (18,722 peers)
+5.9%
assets growth YoY
0.3×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$25,927,919 Top 23% higher than 77% 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

Novares US LLC 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. Novares US LLC 401(k) Plan sits mid-pack in the medium band (386 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Novares US LLC 401(k) Plan reported net income rose from -$8M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Novares US LLC 401(k) Plan end-of-year assets rose from $24M in the plan year 2022 filing to $26M in the plan year 2023 filing.
  • Novares US LLC 401(k) Plan reported participants fell from 409 in the plan year 2022 filing to 386 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 351997449 · Novares US LLC PY 2023 · 401(k)

Novares US LLC 401(k) Plan · $26M · 386 · 77th

  • PHOTO $26M
  • IND 386
  • EOY 77th
  • 5500 401(k)
  • ASSETS near Lotte Chemical USA 401(k) and Profit Sharing Plan
  • PCT ind #12769

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$26MLotte Chemical USA 401(k) and Profit Sharing PlanLotte Chemical USA 401(k) an…$26MKainos (Tx) Capital 401(k) PlanKainos (Tx) Capital 401(k) P…$26MVillage Subaru 401(k) Profit Sharing PlanVillage Subaru 401(k) Profit…$26MEverquote 401(k) Plan$26M
End-of-year total assets ($M) among Novares US LLC 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$24M
Net Assets (End of Year)$26M
Net Income$1M
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 -50510152025 Total assets ($B) Participants Novares US LLC 401(k) Plan, Total assets ($B): 0.025927919 · Participants: 386Novares US LLC 401(k) PlanGeneral 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
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 Lotte Chemical USA 401(k) and Profit Sharing Plan in TX ($26M); by covered participants it is Ajr Trucking, Inc. 401(k) Plan in CA (386 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($26M here).

Similar participant headcount

Nearest other-state filings by covered participants (386 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 Novares US LLC 401(k) Plan assets move in 2023? ▼
Novares US LLC 401(k) Plan grew at a solid clip - up 5.9% during 2023, from $24M to $26M. Reported net income was $1M.
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 77th 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 Novares US LLC 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Lotte Chemical USA 401(k) and Profit Sharing Plan in TX ($26M, 350 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 Ajr Trucking, Inc. 401(k) Plan in CA (386 participants, $4M 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 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.