401(k) · DOL Form 5500 · 2024
Novares US LLC 401(k) Plan
Data updated 2026-08-25
- $29M
- Total assets Below avg plan size
- 361
- Participants Below avg headcount
- 77th
- Percentile by assets National rank
- $79,732
- Avg per participant Below avg balance/head
Official DOL plan name: Novares US LLC 401(k) Plan · Sponsored by Novares US LLC · Michigan · Manufacturing
$29M in assets, 361 participants
Novares US LLC's Novares US LLC 401(k) Plan reported $29M in total assets and 361 participants in its 2024 DOL Form 5500 filing, ranking in the 77th 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.
- #12,072 in Manufacturing (17,777 peers)
Where Novares US LLC 401(k) Plan sits by assets
Novares US LLC 401(k) Plan sits in the top quartile of all filed plans by assets, $29M for 361 participants (~$79,732/participant), up 11.0% in 2024.
- #12,072
- in Manufacturing (17,777 peers)
- +11.0%
- assets growth YoY
- 0.3×
- vs typical plan assets (national mean)
Novares US LLC 401(k) Plan's outsized position by total assets
Novares US LLC 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$28,783,155 Top 23% higher than 77% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Novares US LLC 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. Novares US LLC 401(k) Plan sits mid-pack in the medium band (361 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Novares US LLC 401(k) Plan reported net income rose from $1M in the plan year 2023 filing to $3M in the plan year 2024 filing.
- Novares US LLC 401(k) Plan end-of-year assets rose from $26M in the plan year 2023 filing to $29M in the plan year 2024 filing.
- Novares US LLC 401(k) Plan reported participants fell from 386 in the plan year 2023 filing to 361 in the plan year 2024 filing.
EBSA filing schedule strip
Filing strip 351997449 · Novares US LLC PY 2024 · 401(k)
Novares US LLC 401(k) Plan · $29M · 361 · 77th
- RANK $29M
- RANK 361
- RANK 77th
- RANK 401(k)
- RANK near Jim Burke Ford 401(k) Plan
- RANK ind #12072
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 Michigan →
Novares US LLC 401(k) Plan in the asset neighbourhood
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $26M |
|---|---|
| Net Assets (End of Year) | $29M |
| Net Income | $3M |
| Employer EIN | 351997449 |
| Plan Effective Date | 1966-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Novares US LLC)
Sponsor-wide plan assets over time
All Novares US LLC plans reported in each filing year
- Latest sponsor-wide plan assets
- $29M 17.554011638205147% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 409 | $24M |
| 2023 | 1 | 386 | $26M |
| 2024 | 1 | 361 | $29M |
Nearby 401(k) Plans in Michigan
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- General Motors Retirement Savings Plan for Salaried Employees in the United States $23.1B · 43,053
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $17.3B · 31,790
- The Dow Chemical Company Employees' Savings Plan $10.8B · 17,128
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $9.6B · 42,513
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $8.3B · 60,497
Novares US LLC 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Michigan, the nearest 401(k) by assets is Jim Burke Ford 401(k) Plan in CA ($29M); by covered participants it is Advantage Engineers, LLC 401(k) Plan in MD (361 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($29M here).
- Jim Burke Ford 401(k) Plan (CA) $29M · 284
- Colorado Allergy & Asthma Centers, P.C. Profit Sharing 401(k) Plan (CO) $29M · 120
- Micropulse, Inc. 401(k) Plan (IN) $29M · 517
- Casco 401(k) Profit Sharing Plan (MO) $29M · 140
Similar participant headcount
Nearest other-state filings by covered participants (361 participants); asset peers above are excluded.
- Advantage Engineers, LLC 401(k) Plan (MD) 361 · 0 off
- Nexsen Pruet 401(k) Profit Sharing Plan (SC) 361 · 0 off
- Tae Technologies, Inc. 401(k) Plan (CA) 361 · 0 off
- Dempsey Uniform and Linen Supply, Inc. 401(k) Profit Sharing Plan (PA) 361 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.