Novaspect, Inc. 401(k) Plan: Login, Facts & Contact Information

Novaspect, Inc. 401(k) Plan Facts

Plan name
NOVASPECT, INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
NOVASPECT, INC.
Participants
595 (496 active employees)
Former employees with a balance
132
Plan assets
$112,125,400 at Dec 31, 2024
Average account balance
$185,331 across 605 accounts
Employer contributions
$2,686,463 in plan year 2024 (32% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Oct 1, 1994
✓ 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 6, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $8.30 million went into the plan in contributions, $2.69 million of it from the employer (32%).
  • $9.52 million was paid out to participants.
  • Investment and other income added $15.6 million.

How the Novaspect, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019409$68.8 million$1.57 million$10.1 million
2020439$82.9 million$1.65 million$5.52 million
2021466$94.9 million$1.78 million$9.15 million
2022475$79.0 million$2.07 million$6.90 million
2023536$97.7 million$2.54 million$5.28 million
2024595$112.1 million$2.69 million$9.52 million

Novaspect, Inc. 401(k) Contact Information

Phone
847-956-8020
Mailing address
1124 TOWER ROAD, SCHAUMBURG IL 60173
Plan sponsor
NOVASPECT, INC.
Employer identification number (EIN)
36-2585273
Plan number
002

Questions about the Novaspect, Inc. 401(k)

Does Novaspect, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $2.69 million, 32% of all contributions.

Does the Novaspect, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Novaspect, Inc 401(k) plan?

595 participants at the start of plan year 2024, 496 of them active employees, and 132 former employees who still had money in the plan.

What is the average 401(k) balance at Novaspect, Inc?

About $185,331 per account: $112.1 million in plan assets across 605 accounts with a balance at the end of plan year 2024.

Who manages the Novaspect, Inc 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 Novaspect, Inc. 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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