What are the fees in the Novelty, Inc. 401(k) plan?

For plan year 2022, Novelty, Inc. reported $16,284 in plan administrative expenses, or 0.31% of average plan assets — below the peer median. Fund-level expense ratios are not included in public filings.

What is the Novelty, Inc. 401(k) match?

In 2022, employer contributions to the Novelty, Inc. plan averaged $1,022 per active participant, below the $1,114 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Novelty, Inc. 401(k)?

The average participant account balance was $57,990 for plan year 2022, based on 86 accounts.

Novelty, Inc.401(k)

Name: Novelty, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

NOVELTY, INC. 401(K) PLAN · GREENFIELD, IN · plan year 2022

Reported admin expense ratio · 2022

0.31%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Novelty, Inc. reported $16,284 in plan administrative expenses for 2022: 0.31% of average plan assets, below the peer median. Employer contributions averaged $1,022 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 $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Indiana (1,180th of 1,562), and 3,638th of 4,246 in wholesale trade. In 2022, employees put in $3.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,987,163
Participants with balances86
Active participants130
Employer contributions$132,834
Employee contributions$458,216
Employer contribution per active participant$1,022
Average account balance$57,990
Benefits paid to participants$63,156
Plan auditUnmodified (clean) audit opinion
AuditorCLIFTONLARSONALLEN LLP

The Novelty, Inc. 401(k) match · 2022

Employer contribution per active participant$1,022

Median for plans this size$1,114

Novelty, Inc.'s 2022 employer contribution ran below the $1,114 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.

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$16,284 · 0.31%

Same employer

Novelty, Inc.'s health & benefits plan: carriers, premiums & broker pay

Similar plansWholesale Trade · Indiana
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Source: U.S. Department of Labor, Form 5500 series, EIN 351654788 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.