Novares Us Llc 401(k) Plan: Login, Facts & Contact Information

Novares Us Llc 401(k) Plan Facts

Plan name
NOVARES US LLC 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
NOVARES US LLC
Participants
628 (310 active employees)
Former employees with a balance
231
Plan assets
$28,783,155 at Dec 31, 2024
Average account balance
$58,384 across 493 accounts
Employer contributions
$286,172 in plan year 2024 (19% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jul 1, 1966
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 13, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.49 million went into the plan in contributions, $286,172 of it from the employer (19%).
  • $2.95 million was paid out to participants.
  • Investment and other income added $4.42 million.
  • Administrative expenses were $90,159, about $183 per account.

How the Novares Us Llc 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,059$28.7 million$504,745$5.46 million
2020974$29.6 million$345,684$5.38 million
2021816$32.4 million$340,151$3.49 million
2022741$24.5 million$326,708$4.12 million
2023661$25.9 million$297,773$4.63 million
2024628$28.8 million$286,172$2.95 million

Novares Us Llc 401(k) Contact Information

Phone
248-449-6100
Mailing address
DALE DEYOUNG 19575 VICTOR PARKWAY SUITE 400, LIVONIA MI 48152
Plan sponsor
NOVARES US LLC
Employer identification number (EIN)
35-1997449
Plan number
001

Questions about the Novares Us Llc 401(k)

Does Novares Us Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $286,172, 19% of all contributions.

Does the Novares Us Llc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Novares Us Llc 401(k) plan?

628 participants at the start of plan year 2024, 310 of them active employees, and 231 former employees who still had money in the plan.

What is the average 401(k) balance at Novares Us Llc?

About $58,384 per account: $28.8 million in plan assets across 493 accounts with a balance at the end of plan year 2024.

Who manages the Novares Us Llc 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Novares Us Llc. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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