Novaspect Holdings, Inc.ESOP
NOVASPECT HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · SCHAUMBURG, IL · plan year 2024
Novaspect Holdings, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $65,477,935 across 564 participant accounts, with employer contributions averaging $3,452 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 755th-largest of 3,702 plans among Illinois employers on file, and the 636th of 4,246 in wholesale trade.
Novaspect Holdings, Inc.'s 2024 employer contribution ran below the $3,635 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 270711939 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.