Novak Construction Company, Inc.401(k)
NOVAK CONSTRUCTION COMPANY 401(K) PROFIT SHARING PLAN · CHICAGO, IL · plan year 2024
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Novak Construction Company, Inc. reported $1,209 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,027 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 1,837th-largest of 3,702 plans among Illinois employers on file, and the 2,235th of 5,337 in construction. In 2024, employees put in $2.52 for every $1.00 the employer contributed.
Novak Construction Company, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 363601452 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.