Novo Distribution, LLC401(k)
NOVO BUILDING PRODUCTS · ZEELAND, MI · plan year 2024
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Novo Distribution, LLC reported $202,495 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $633 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.
Across the 3 years on file its reported administrative ratio has held roughly steady near 0.50%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 582nd-largest of 2,619 plans among Michigan employers on file, and the 968th of 4,246 in wholesale trade. In 2024, employees put in $5.07 for every $1.00 the employer contributed; active participation has grown from 1,093 to 1,319 since 2022.
Novo Distribution, LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 383135188 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.