401(k) · DOL Form 5500 · 2024
Novo Distribution, LLC 401(k) Plan
Data updated 2026-08-25
- $43M
- Total assets Below avg plan size
- 1,015
- Participants Near avg headcount
- 82nd
- Percentile by assets National rank
- $42,306
- Avg per participant Low balance/head
Official DOL plan name: Novo Building Products · Sponsored by Novo Distribution, LLC · Michigan · Wholesale Trade
$43M in assets, 1,015 participants
Novo Distribution, LLC's Novo Building Products reported $43M in total assets and 1,015 participants in its 2024 DOL Form 5500 filing, ranking in the 82nd 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.
- #5,029 in Wholesale Trade (6,080 peers)
Where Novo Building Products sits by assets
Novo Building Products sits in the top quartile of all filed plans by assets, $43M for 1,015 participants (~$42,306/participant), up 14.2% in 2024.
- #5,029
- in Wholesale Trade (6,080 peers)
- +14.2%
- assets growth YoY
- 0.4×
- vs typical plan assets (national mean)
Novo Building Products's outsized position by total assets
Novo Building Products vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$42,940,425 Top 18% higher than 82% 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
Novo Building Products'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. Novo Building Products lands in the large band (1,015 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Novo Building Products reported net income fell from $7M in the plan year 2023 filing to $5M in the plan year 2024 filing.
- Novo Building Products end-of-year assets rose from $38M in the plan year 2023 filing to $43M in the plan year 2024 filing.
- Novo Building Products reported participants fell from 1,093 in the plan year 2023 filing to 1,015 in the plan year 2024 filing.
EBSA filing schedule strip
Filing strip 383135188 · Novo Distribution, LLC PY 2024 · 401(k)
Novo Building Products · $43M · 1,015 · 82nd
- PCT $43M
- PCT 1,015
- PCT 82nd
- PCT 401(k)
- PCT near Highland Tank, LLC 401(k) Plan
- PCT ind #5029
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 Wholesale Trade retirement plans → · Plans in Michigan →
Novo Building Products in the asset neighbourhood
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $38M |
|---|---|
| Net Assets (End of Year) | $43M |
| Net Income | $5M |
| Employer EIN | 383135188 |
| Plan Effective Date | 1993-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Novo Distribution, LLC)
Sponsor-wide plan assets over time
All Novo Distribution, LLC plans reported in each filing year
- Latest sponsor-wide plan assets
- $43M 39.617673757823866% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,140 | $31M |
| 2023 | 1 | 1,093 | $38M |
| 2024 | 1 | 1,015 | $43M |
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
Novo Building Products's out-of-state 401(k) peers by assets and headcount
Outside Michigan, the nearest 401(k) by assets is Highland Tank, LLC 401(k) Plan in PA ($43M); by covered participants it is North East Medical Services Profit Sharing 401(k) Plan in CA (1,015 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($43M here).
- Highland Tank, LLC 401(k) Plan (PA) $43M · 386
- Conductix, Inc. Profit Sharing Plan (NE) $43M · 309
- Johnstown Wire Technologies, Inc. 401(k) Retirement Plan (PA) $43M · 260
- Canvas, Inc. 401(k) (AL) $43M · 337
Similar participant headcount
Nearest other-state filings by covered participants (1,015 participants); asset peers above are excluded.
- North East Medical Services Profit Sharing 401(k) Plan (CA) 1,015 · 0 off
- Jordan's Furniture Company 401(k) Savings Plan (MA) 1,015 · 0 off
- Dragon Home Care Retirement, Plan (NY) 1,015 · 0 off
- Stellantis Financial Services, Inc. 401(k) Plan (TX) 1,015 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.