Novolex (packaging Dynamics Corporation) 401(k) Plan: Login, Facts & Contact Information
No Form 5500 has been filed for this plan since plan year 2021. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.
Novolex (packaging Dynamics Corporation) 401(k) Login
Retirement plan providers can change. This information is from the plan's 2021 filing.
Novolex (packaging Dynamics Corporation) 401(k) Plan Facts (plan year 2021)
Source: Form 5500 for plan year 2021 (Jan 1, 2021 – Dec 31, 2021), filed Oct 5, 2022. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2021
- $1.87 million went into the plan in contributions, $644,579 of it from the employer (34%).
- $2.55 million was paid out to participants.
- Investment and other income added $2.68 million.
- Administrative expenses were $72,098, about $174 per account.
How the Novolex (packaging Dynamics Corporation) 401(k) changed, 2016–2021
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2016 | 216 | $16.1 million | $278,962 | $1.01 million |
| 2017 | 391 | $18.5 million | $485,588 | $1.21 million |
| 2018 | 426 | $18.5 million | $582,662 | $960,324 |
| 2019 | 415 | $21.6 million | $578,784 | $1.90 million |
| 2020 | 460 | $22.7 million | $626,043 | $3.31 million |
| 2021 | 436 | $24.6 million | $644,579 | $2.55 million |
Novolex (packaging Dynamics Corporation) 401(k) Contact Information
Questions about the Novolex (packaging Dynamics Corporation) 401(k)
Is the Novolex (packaging Dynamics Corporation) 401(k) plan still active?
We can't confirm that. The last Form 5500 on record for this plan covers plan year 2021, and no later filing was found under this employer's EIN.
Does Novolex (packaging Dynamics Corporation) contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2021 the employer contributed $644,579, 34% of all contributions.
Does the Novolex (packaging Dynamics Corporation) 401(k) have automatic enrollment?
Yes. The plan reports automatic enrollment of eligible employees.
How many people are in the Novolex (packaging Dynamics Corporation) 401(k) plan?
436 participants at the start of plan year 2021, 391 of them active employees, and 41 former employees who still had money in the plan.
What is the average 401(k) balance at Novolex (packaging Dynamics Corporation)?
About $59,385 per account: $24.6 million in plan assets across 415 accounts with a balance at the end of plan year 2021.
Who manages the Novolex (packaging Dynamics Corporation) 401(k) accounts?
Transamerica (listed on the filing as TRANSAMERICA RETIREMENT SOLUTIONS) is the plan's recordkeeper, which is where participants log in to see their balance.