401(k) · DOL Form 5500 · 2024

Novel Energy Solutions, LLC 401(k) Plan

Data updated 2026-08-25

$5M
Total assets Small plan by assets
244
Participants Below avg headcount
42nd
Percentile by assets National rank
$20,816
Avg per participant Low balance/head
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Official DOL plan name: Nes 401(k) Plan · Sponsored by Novel Energy Solutions, LLC · Minnesota · Construction

$5M in assets, 244 participants

Novel Energy Solutions, LLC's Nes 401(k) Plan reported $5M in total assets and 244 participants in its 2024 DOL Form 5500 filing, ranking in the 42nd 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.

  • #3,678 in Construction (9,039 peers)

Coverage in Minnesota

Nes 401(k) Plan covers 244 participants in Minnesota, about 22% of the average Minnesota filer (state average ~1,126 per filing). Assets: $5M.

#3,678
in Construction (9,039 peers)
+55.9%
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 2024 · DOL Form 5500

$5,079,119 42nd percentile higher than 42% 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

Nes 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. Nes 401(k) Plan sits mid-pack in the medium band (244 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Nes 401(k) Plan reported participants rose from 135 in the plan year 2023 filing to 244 in the plan year 2024 filing.
  • Nes 401(k) Plan end-of-year assets rose from $3M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Nes 401(k) Plan reported net income rose from $1M in the plan year 2023 filing to $2M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 455469407 · Novel Energy Solutions, LLC PY 2024 · 401(k)

Nes 401(k) Plan · $5M · 244 · 42nd

  • VS-ST $5M
  • BOY 244
  • SCH 42nd
  • EBSA 401(k)
  • PART near Cv Technology Inc 401(k) Profit Sharing Plan & Trust
  • TYPE ind #3678

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$5MCv Technology Inc 401(k) Profit Sharing Plan & TrustCv Technology Inc 401(k) Pro…$5MSouthern States, LLC Hourly Employees Savings PlanSouthern States, LLC Hourly …$5MManufacturing Solutions Inc. 401(k) PlanManufacturing Solutions Inc.…$5MJackson Furniture Industries, Inc Retirement PlanJackson Furniture Industries…$5M
End-of-year total assets ($M) among Nes 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$5M
Net Income$2M
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 -20020406080 Total assets ($B) Participants Nes 401(k) Plan, Total assets ($B): 0.005079119 · Participants: 244Nes 401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 57.886997456 · Participants: 179076Wells Fargo & Company 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 26.618762181 · Participants: 205460Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 14.419645154 · Participants: 409649Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 13.719378 · Participants: 38480Medtronic Savings and Investment PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 11.442089862 · Participants: 73109U.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 Cv Technology Inc 401(k) Profit Sharing Plan & Trust in FL ($5M); by covered participants it is Cansortium Holdings 401(k) Plan in FL (244 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (244 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 Nes 401(k) Plan assets move in 2024? ▼
Nes 401(k) Plan surged - up 55.9% during 2024, from $3M to $5M. Reported net income was $2M.
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 Cv Technology Inc 401(k) Profit Sharing Plan & Trust in FL ($5M, 43 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 Cansortium Holdings 401(k) Plan in FL (244 participants, $165K 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 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.