401(k) · DOL Form 5500 · 2023

Novel Energy Solutions, LLC 401(k) Plan

Data updated 2026-08-25

$3M
Total assets Small plan by assets
135
Participants Small participant base
37th
Percentile by assets National rank
$24,137
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Nes 401(k) Plan · Sponsored by Novel Energy Solutions, LLC · Minnesota · Construction

$3M in assets, 135 participants

Novel Energy Solutions, LLC's Nes 401(k) Plan reported $3M in total assets and 135 participants in its 2023 DOL Form 5500 filing, ranking in the 37th 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.

  • #3,162 in Construction (9,030 peers)

Coverage in Minnesota

Nes 401(k) Plan covers 135 participants in Minnesota, about 12% of the average Minnesota filer (state average ~1,126 per filing). Assets: $3M.

#3,162
in Construction (9,030 peers)
+78.7%
assets growth YoY

Nes 401(k) Plan's mid-pack asset rank among Construction and all filers

Nes 401(k) Plan vs every filed plan by assets

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

$3,258,502 37th percentile higher than 37% 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

Nes 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. Nes 401(k) Plan sits mid-pack in the medium band (135 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Nes 401(k) Plan reported net income rose from $249K in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Nes 401(k) Plan end-of-year assets rose from $2M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Nes 401(k) Plan reported participants rose from 113 in the plan year 2022 filing to 135 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 455469407 · Novel Energy Solutions, LLC PY 2023 · 401(k)

Nes 401(k) Plan · $3M · 135 · 37th

  • BOOK $3M
  • VS-ST 135
  • BOY 37th
  • SCH 401(k)
  • EBSA near Lkat Group, Inc. 401(k) Plan
  • PART ind #3162

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 Construction retirement plans → · Plans in Minnesota →

Nes 401(k) Plan in the asset neighbourhood

Nes 401(k) Plan$3MLkat Group, Inc. 401(k) Plan$3MLex Mundi Ltd 401(k) Plan$3MC3j Therapeutics, Inc.$3MWray Ford, Inc. 401(k) Plan$3M
End-of-year total assets ($M) among Nes 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$3M
Net Income$1M
Employer EIN455469407
Plan Effective Date2018-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Novel Energy Solutions, LLC)

Sponsor-wide plan assets over time

All Novel Energy Solutions, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$5M 178.5004753972336% vs 2022
2024 filing year
$1M$2M$3M$4M$5M$6M 202220232024 $1.82M $5.08M ▲ +179.1%
Year Plans Participants Total Assets
2022 1 113 $2M
2023 1 135 $3M
2024 1 244 $5M

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Nes 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Nes 401(k) Plan, Total assets ($B): 0.003258502 · Participants: 135Nes 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Nes 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Nes 401(k) Plan side-by-side with 3 peers →

Nes 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Lkat Group, Inc. 401(k) Plan in TN ($3M); by covered participants it is Seven Hills Ob-Gyn Associates, Inc. Profit Sharing Plan in NJ (135 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($3M here).

Similar participant headcount

Nearest other-state filings by covered participants (135 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 Nes 401(k) Plan assets move in 2023? ▼
Nes 401(k) Plan surged - up 78.7% during 2023, from $2M to $3M. Reported net income was $1M.
How have Novel Energy Solutions, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Novel Energy Solutions, LLC's sponsor-wide assets grew 178.5%, from $2M to $5M.
Which 401(k) plans are similar in size to Nes 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Lkat Group, Inc. 401(k) Plan in TN ($3M, 17 participants).
Which 401(k) plans cover a similar participant headcount to Nes 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Seven Hills Ob-Gyn Associates, Inc. Profit Sharing Plan in NJ (135 participants, N/A 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 455469407.

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.