401(k) · DOL Form 5500 · 2024

Novatec, Inc. 401(k) Plan

Data updated 2026-08-25

$13M
Total assets Small plan by assets
117
Participants Small participant base
61st
Percentile by assets National rank
$107,174
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Novatec, Inc. 401(k) Plan · Sponsored by Novatec, Inc. · Maryland · Manufacturing

$13M in assets, 117 participants

Novatec, Inc.'s Novatec, Inc. 401(k) Plan reported $13M in total assets and 117 participants in its 2024 DOL Form 5500 filing, ranking in the 61st 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.

  • #8,462 in Manufacturing (17,777 peers)

Coverage in Maryland

Novatec, Inc. 401(k) Plan covers 117 participants in Maryland, about 13% of the average Maryland filer (state average ~929 per filing). Assets: $13M.

#8,462
in Manufacturing (17,777 peers)
+15.0%
assets growth YoY

Novatec, Inc. 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

Novatec, Inc. 401(k) Plan vs every filed plan by assets

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

$12,539,402 Top 39% higher than 61% 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

Novatec, Inc. 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Novatec, Inc. 401(k) Plan sits mid-pack in the medium band (117 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Novatec, Inc. 401(k) Plan reported net income fell from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Novatec, Inc. 401(k) Plan end-of-year assets rose from $11M in the plan year 2023 filing to $13M in the plan year 2024 filing.
  • Novatec, Inc. 401(k) Plan reported participants rose from 113 in the plan year 2023 filing to 117 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 520815915 · Novatec, Inc. PY 2024 · 401(k)

Novatec, Inc. 401(k) Plan · $13M · 117 · 61st

  • 5500 $13M
  • ASSETS 117
  • PCT 61st
  • EIN 401(k)
  • RANK near Social Impact, Inc. 401(k) Plan
  • PHOTO ind #8462

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 Maryland →

Novatec, Inc. 401(k) Plan in the asset neighbourhood

Novatec, Inc. 401(k) Plan$13MSocial Impact, Inc. 401(k) PlanSocial Impact, Inc. 401(k) P…$13MBoston Mountain Rural Health Center Inc. 401(k) PlanBoston Mountain Rural Health…$13MConsolidated Chassis Management, LLC 401(k)Consolidated Chassis Managem…$13MPkf, LLP 401(k) Retirement Savings PlanPkf, LLP 401(k) Retirement S…$13M
End-of-year total assets ($M) among Novatec, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Maryland filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$13M
Net Income$2M
Employer EIN520815915
Plan Effective Date2008-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Novatec, Inc.)

Sponsor-wide plan assets over time

All Novatec, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$13M 40.292681944455325% vs 2022
2024 filing year
$8M$10M$12M$14M 202220232024 $8.94M $12.5M ▲ +40.3%
Year Plans Participants Total Assets
2022 1 107 $9M
2023 1 113 $11M
2024 1 117 $13M

Nearby 401(k) Plans in Maryland

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

Novatec, Inc. 401(k) Plan vs. nearby 401(k) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Novatec, Inc. 401(k) Plan, Total assets ($B): 0.012539402 · Participants: 117Novatec, Inc. 401(k) PlanLockheed Martin Corporation Salaried Savings Plan, Total assets ($B): 51.448624264 · Participants: 96812Lockheed Martin Corporation Salaried Savings PlanMarriott Retirement Savings Plan, Total assets ($B): 11.712016434 · Participants: 101417Marriott Retirement Savings PlanT. Rowe Price U.S. Retirement Program, Total assets ($B): 4.948487009 · Participants: 6639T. Rowe Price U.S. Retirement ProgramNfl Player Second Career Savings Plan, Total assets ($B): 4.08462816 · Participants: 2771Nfl Player Second Career Savings PlanLockheed Martin Corporation Performance Sharing Plan for Bargaining Employees, Total assets ($B): 2.987191008 · Participants: 18370Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees
Novatec, Inc. 401(k) Plan vs. nearby 401(k) plans in Maryland, assets vs. participants
Compare Novatec, Inc. 401(k) Plan side-by-side with 3 peers →

Novatec, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Maryland, the nearest 401(k) by assets is Social Impact, Inc. 401(k) Plan in VA ($13M); by covered participants it is Quality Beverage 401(k) Plan in MA (117 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (117 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 Novatec, Inc. 401(k) Plan assets move in 2024? ▼
Novatec, Inc. 401(k) Plan grew sharply - up 15.0% during 2024, from $11M to $13M. Reported net income was $2M.
How have Novatec, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Novatec, Inc.'s sponsor-wide assets grew 40.3%, from $9M to $13M.
Which 401(k) plans are similar in size to Novatec, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Social Impact, Inc. 401(k) Plan in VA ($13M, 90 participants).
Which 401(k) plans cover a similar participant headcount to Novatec, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Quality Beverage 401(k) Plan in MA (117 participants, N/A 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 520815915.

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.