401(k) · DOL Form 5500 · 2023

Novaspect, Inc. 401(k) Plan

Data updated 2026-08-11

$98M
Total assets
394
Participants
91st
Percentile by assets
$247,949
Avg per participant
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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.

  • 91st percentile by assets (of 127,072 plans)
  • #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.

$98M
total plan assets (2023 EOY)
394
covered participants
91st
percentile by assets (of 127,072 plans)
$247,949
avg assets per participant

Where Novaspect, Inc. 401(k) Plan sits 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 $2,010,000,000 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

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 →

State
Illinois
Industry
Wholesale Trade

Novaspect, Inc. 401(k) Plan vs the 2023 asset distribution

By assets, Novaspect, Inc. 401(k) Plan outranks 91% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.0x the national average plan size of $100M (721 average participants).

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.)

$70M$80M$90M$100M$110M$120M 202220232024 $79M $112M ▲ +42.0%
Total plan assets by year, all Novaspect, Inc. plans on file
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 ($B) Participants Novaspect, Inc. 401(…, Total assets ($B): 0.09769181 · Participants: 394Novaspect, Inc. 401(…Accenture United Sta…, Total assets ($B): 17.594548115 · Participants: 69974Accenture United Sta…State Farm 401(k) Sa…, Total assets ($B): 16.935002041 · Participants: 60246State Farm 401(k) Sa…Abbott Laboratories …, Total assets ($B): 14.496191 · Participants: 38012Abbott Laboratories …United Airlines Pilo…, Total assets ($B): 14.367975914 · Participants: 14959United Airlines Pilo…Walgreens Retirement…, Total assets ($B): 13.444551767 · Participants: 235331Walgreens Retirement…
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 →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Novaspect, Inc. 401(k) Plan by total assets, not by location.

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).

Next read for Novaspect, Inc. 401(k) Plan

Scale reading

Ways to act on Novaspect, Inc. 401(k) Plan's numbers.

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.