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

Novateur Education, Inc. 401(k) Plan Facts

Plan name
NOVATEUR EDUCATION, INC. RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
NOVATEUR EDUCATION, INC.
Participants
2,760 (2,192 active employees)
Former employees with a balance
672
Plan assets
$124,118,745 at Dec 31, 2024
Average account balance
$44,045 across 2,818 accounts
Employer contributions
$2,053,282 in plan year 2024 (19% of all contributions)
Recordkeeper
Empower Annuity Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jul 1, 1981
✓ 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

  • $10.7 million went into the plan in contributions, $2.05 million of it from the employer (19%).
  • $10.6 million was paid out to participants.
  • Investment and other income added $15.2 million.
  • Administrative expenses were $185,815, about $66 per account.

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

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20192,542$84.5 million$1.92 million$7.73 million
20202,675$98.4 million$2.25 million$7.89 million
20212,673$114.0 million$2.32 million$7.70 million
20222,674$92.8 million$1.73 million$12.0 million
20232,673$109.0 million$1.71 million$9.00 million
20242,760$124.1 million$2.05 million$10.6 million

Novateur Education, Inc. 401(k) Contact Information

Phone
757-213-3523
Mailing address
5555 GREENWICH RD. SUITE 600, VIRGINIA BEACH VA 23462
Plan sponsor
NOVATEUR EDUCATION, INC.
Employer identification number (EIN)
54-0799894
Plan number
002

Questions about the Novateur Education, Inc. 401(k)

Does Novateur Education, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $2.05 million, 19% of all contributions.

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

Yes. The plan reports automatic enrollment of eligible employees.

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

2,760 participants at the start of plan year 2024, 2,192 of them active employees, and 672 former employees who still had money in the plan.

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

About $44,045 per account: $124.1 million in plan assets across 2,818 accounts with a balance at the end of plan year 2024.

Who manages the Novateur Education, Inc 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Novateur Education, Inc. How do I access my 401(k)?

Your account stays with Empower 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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