401(k) · DOL Form 5500 · 2023

Novaspect, Inc. 401(k) Plan

Data updated 2026-08-25

$98M
Total assets Below avg plan size
394
Participants Below avg headcount
91st
Percentile by assets National rank
$247,949
Avg per participant Above avg balance/head
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Official DOL plan name: Novaspect, Inc. 401(k) Plan · Sponsored by Novaspect, Inc. · Illinois · Wholesale Trade

$98M in assets, 394 participants

Novaspect, Inc.'s Novaspect, Inc. 401(k) Plan reported $98M in total assets and 394 participants in its 2023 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.

  • #5,847 in Wholesale Trade (6,309 peers)

Where Novaspect, Inc. 401(k) Plan sits by assets

Novaspect, Inc. 401(k) Plan sits in the top 10% of all filed plans by assets, $98M for 394 participants (~$247,949/participant), up 23.7% in 2023.

#5,847
in Wholesale Trade (6,309 peers)
+23.7%
assets growth YoY
1.0×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$97,691,810 Top 9% higher than 91% 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

Novaspect, 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. Novaspect, Inc. 401(k) Plan sits mid-pack in the medium band (394 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Novaspect, Inc. 401(k) Plan reported net income rose from -$16M in the plan year 2022 filing to $19M in the plan year 2023 filing.
  • Novaspect, Inc. 401(k) Plan end-of-year assets rose from $79M in the plan year 2022 filing to $98M in the plan year 2023 filing.
  • Novaspect, Inc. 401(k) Plan reported participants rose from 344 in the plan year 2022 filing to 394 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 362585273 · Novaspect, Inc. PY 2023 · 401(k)

Novaspect, Inc. 401(k) Plan · $98M · 394 · 91st

  • NET $98M
  • NET 394
  • NET 91st
  • NET 401(k)
  • NET near Brixmor Employment Company LLC 401(k) Plan
  • NET ind #5847

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

Brixmor Employment Company LLC 401(k) PlanBrixmor Employment Company L…$98MProtolabs, Inc. 401(k) Plan$98MNovaspect, Inc. 401(k) Plan$98MLarkin,Hoffman,Daly & Lindgren, Ltd. Profit Sharing Plan and TrustLarkin,Hoffman,Daly & Lindgr…$98MPriority Wire & Cable, Inc 401(k) & Profit Sharing PlanPriority Wire & Cable, Inc 4…$98M
End-of-year total assets ($M) among Novaspect, Inc. 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)$79M
Net Assets (End of Year)$98M
Net Income$19M
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): 0.09769181 · Participants: 394Novaspect, Inc. 401(k) PlanAccenture United States 401(k) Match Savings Plan, Total assets ($B): 17.594548115 · Participants: 69974Accenture United States 401(k) Match Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 16.935002041 · Participants: 60246State Farm 401(k) Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 14.496191 · Participants: 38012Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 14.367975914 · Participants: 14959United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 13.444551767 · Participants: 235331Walgreens 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 Brixmor Employment Company LLC 401(k) Plan in NY ($98M); by covered participants it is Southern Poverty Law Center, Inc. 401(k) Retirement Plan in AL (394 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (394 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 Novaspect, Inc. 401(k) Plan assets move in 2023? ▼
Novaspect, Inc. 401(k) Plan grew sharply - up 23.7% during 2023, from $79M to $98M. Reported net income was $19M.
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 127,072 plans that reported assets for plan year 2023 (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 Brixmor Employment Company LLC 401(k) Plan in NY ($98M, 505 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 Southern Poverty Law Center, Inc. 401(k) Retirement Plan in AL (394 participants, $56M 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 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.