401(k) · DOL Form 5500 · 2024

Novae Corporation 401(k) Plan

Data updated 2026-08-25

$32M
Total assets Below avg plan size
1,279
Participants Near avg headcount
78th
Percentile by assets National rank
$24,847
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Novae LLC 401(k) Retirement Plan · Sponsored by Novae Corporation · Indiana · Manufacturing

$32M in assets, 1,279 participants

Novae Corporation's Novae LLC 401(k) Retirement Plan reported $32M in total assets and 1,279 participants in its 2024 DOL Form 5500 filing, ranking in the 78th 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.

  • #12,424 in Manufacturing (17,777 peers)

Coverage in Indiana

Novae LLC 401(k) Retirement Plan covers 1,279 participants in Indiana, 2.4x the typical Indiana plan (state average ~541 per filing). Assets: $32M.

#12,424
in Manufacturing (17,777 peers)
+9.1%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Novae LLC 401(k) Retirement Plan's outsized position by total assets

Novae LLC 401(k) Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$31,779,263 Top 22% higher than 78% of 123,620 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 2024

Novae LLC 401(k) Retirement Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Novae LLC 401(k) Retirement Plan lands in the large band (1,279 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Novae LLC 401(k) Retirement Plan reported net income fell from $6M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Novae LLC 401(k) Retirement Plan reported participants fell from 1,460 in the plan year 2023 filing to 1,279 in the plan year 2024 filing.
  • Novae LLC 401(k) Retirement Plan end-of-year assets rose from $29M in the plan year 2023 filing to $32M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 351953989 · Novae Corporation PY 2024 · 401(k)

Novae LLC 401(k) Retirement Plan · $32M · 1,279 · 78th

  • ASSETS $32M
  • PCT 1,279
  • EIN 78th
  • RANK 401(k)
  • PHOTO near Orbis 401(k) Retirement Plan
  • IND ind #12424

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 Indiana →

Novae LLC 401(k) Retirement Plan in the asset neighbourhood

Novae LLC 401(k) Retirement PlanNovae LLC 401(k) Retirement …$32MOrbis 401(k) Retirement Plan$32MAperture Retirement Plan$32MPower Plus 401(k) Plan$32MClsa Americas, LLC 401(k) Savings PlanClsa Americas, LLC 401(k) Sa…$32M
End-of-year total assets ($M) among Novae LLC 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Indiana filing particulars

Total Assets (Beginning of Year)$29M
Net Assets (End of Year)$32M
Net Income$3M
Employer EIN351953989
Plan Effective Date2004-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Novae Corporation)

Sponsor-wide plan assets over time

All Novae Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$32M 35.96019687903788% vs 2022
2024 filing year
$20M$25M$30M$35M 202220232024 $23.4M $31.8M ▲ +36.0%
Year Plans Participants Total Assets
2022 1 1,145 $23M
2023 1 1,460 $29M
2024 1 1,279 $32M

Nearby 401(k) Plans in Indiana

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

Novae LLC 401(k) Retirement Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Novae LLC 401(k) Retirement Plan, Total assets ($B): 0.031779263 · Participants: 1279Novae LLC 401(k) Retirement PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 13.056609955 · Participants: 19977The Lilly Employee 401(k) PlanElevance Health 401(k) Plan, Total assets ($B): 12.109864062 · Participants: 73120Elevance Health 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 6.366370789 · Participants: 30272Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 4.481656061 · Participants: 38460Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.996436059 · Participants: 9385Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
Novae LLC 401(k) Retirement Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Novae LLC 401(k) Retirement Plan side-by-side with 3 peers →

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

Outside Indiana, the nearest 401(k) by assets is Orbis 401(k) Retirement Plan in SC ($32M); by covered participants it is Marathon Oil Company Thrift Plan in TX (1,279 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($32M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,279 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Novae LLC 401(k) Retirement Plan assets move in 2024? ▼
Novae LLC 401(k) Retirement Plan grew at a solid clip - up 9.1% during 2024, from $29M to $32M. Reported net income was $3M.
How have Novae Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Novae Corporation's sponsor-wide assets grew 36.0%, from $23M to $32M.
Where does Novae LLC 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Novae LLC 401(k) Retirement Plan ranks in the 78th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Novae LLC 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Orbis 401(k) Retirement Plan in SC ($32M, 443 participants).
Which 401(k) plans cover a similar participant headcount to Novae LLC 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Marathon Oil Company Thrift Plan in TX (1,279 participants, $923M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 351953989.

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.