ESOP · DOL Form 5500 · 2023

Novaspect Holdings, Inc. ESOP

Data updated 2026-08-25

$53M
Total assets Below avg plan size
389
Participants Below avg headcount
86th
Percentile by assets National rank
$135,900
Avg per participant Near avg balance/head
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Official DOL plan name: Novaspect Holdings, Inc. Employee Stock Ownership Plan · Sponsored by Novaspect Holdings, Inc. · Illinois · Wholesale Trade

$53M in assets, 389 participants

Novaspect Holdings, Inc.'s Novaspect Holdings, Inc. Employee Stock Ownership Plan reported $53M in total assets and 389 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #5,520 in Wholesale Trade (6,309 peers)

Coverage in Illinois

Novaspect Holdings, Inc. Employee Stock Ownership Plan covers 389 participants in Illinois, about 50% of the average Illinois filer (state average ~779 per filing). Assets: $53M.

#5,520
in Wholesale Trade (6,309 peers)
+103.1%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Novaspect Holdings, Inc. Employee Stock Ownership Plan's outsized position by total assets

Novaspect Holdings, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$52,865,111 Top 14% higher than 86% 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 Holdings, Inc. Employee Stock Ownership 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 Holdings, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (389 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Novaspect Holdings, Inc. Employee Stock Ownership Plan reported net income rose from $10M in the plan year 2022 filing to $27M in the plan year 2023 filing.
  • Novaspect Holdings, Inc. Employee Stock Ownership Plan end-of-year assets rose from $26M in the plan year 2022 filing to $53M in the plan year 2023 filing.
  • Novaspect Holdings, Inc. Employee Stock Ownership Plan reported participants rose from 342 in the plan year 2022 filing to 389 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 270711939 · Novaspect Holdings, Inc. PY 2023 · ESOP

Novaspect Holdings, Inc. Employee Stock Ownership Plan · $53M · 389 · 86th

  • IND $53M
  • EOY 389
  • 5500 86th
  • ASSETS ESOP
  • PCT near Pioneer Cladding & Glazing Systems, Inc. Employee Stock Ownership Plan
  • EIN ind #5520

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 What is an ESOP? → · Plans in Illinois →

Novaspect Holdings, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Sun Automation Inc. Employee Stock Ownership PlanSun Automation Inc. Employee…$53MTier 1 Performance Solutions Employee Stock Ownership PlanTier 1 Performance Solutions…$53MPioneer Cladding & Glazing Systems, Inc. Employee Stock Ownership PlanPioneer Cladding & Glazing S…$53MCotterman Companies Employee Stock Ownership PlanCotterman Companies Employee…$53MNovaspect Holdings, Inc. Employee Stock Ownership PlanNovaspect Holdings, Inc. Emp…$53M
End-of-year total assets ($M) among Novaspect Holdings, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$26M
Net Assets (End of Year)$52M
Net Income$27M
Employer EIN270711939
Plan Effective Date2016-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Novaspect Holdings, Inc.)

Sponsor-wide plan assets over time

All Novaspect Holdings, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$67M 156.1240485030786% vs 2022
2024 filing year
$20M$40M$60M$80M 202220232024 $26M $66.7M ▲ +156.1%
Year Plans Participants Total Assets
2022 1 342 $26M
2023 1 389 $53M
2024 1 431 $67M

Nearby ESOP Plans in Illinois

Peer ESOP plans, same state, same plan type, ranked by total assets.

Novaspect Holdings, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -1012345 Total assets ($B) Participants Novaspect Holdings, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.052865111 · Participants: 389Novaspect Holdings, Inc. Employee Stock Ownership PlanAmsted Industries Incorporated Employees' Stock Ownership Plan, Total assets ($B): 4.440263476 · Participants: 4738Amsted Industries Incorporated Employees' Stock Ownership PlanKehe Distributors, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.616096816 · Participants: 4251Kehe Distributors, Inc. Employee Stock Ownership PlanScot Forge Company Employee Stock Ownership Plan, Total assets ($B): 1.195072662 · Participants: 486Scot Forge Company Employee Stock Ownership PlanBdo USA Employee Stock Ownership Plan, Total assets ($B): 0.91547863 · Participants: 10168Bdo USA Employee Stock Ownership PlanBdo USA Employee Stock Ownership Plan, Total assets ($B): 0.91547863 · Participants: 10168Bdo USA Employee Stock Ownership Plan
Novaspect Holdings, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants
Compare Novaspect Holdings, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Novaspect Holdings, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Illinois, the nearest ESOP by assets is Pioneer Cladding & Glazing Systems, Inc. Employee Stock Ownership Plan in OH ($53M); by covered participants it is Msa Professional Services, Inc. Employee Stock Ownership Plan in WI (389 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (389 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 Holdings, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Novaspect Holdings, Inc. Employee Stock Ownership Plan surged - up 103.1% during 2023, from $26M to $53M. Reported net income was $27M.
How have Novaspect Holdings, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Novaspect Holdings, Inc.'s sponsor-wide assets grew 156.1%, from $26M to $67M.
Where does Novaspect Holdings, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Novaspect Holdings, Inc. Employee Stock Ownership Plan ranks in the 86th 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 ESOP plans are similar in size to Novaspect Holdings, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Pioneer Cladding & Glazing Systems, Inc. Employee Stock Ownership Plan in OH ($53M, 125 participants).
Which ESOP plans cover a similar participant headcount to Novaspect Holdings, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Msa Professional Services, Inc. Employee Stock Ownership Plan in WI (389 participants, $55M 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 270711939.

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.