Novares US Engine Components 401(k) match, vesting and fees
What Novares US Engine Components' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Forvis Mazars, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,612 defined-contribution plans in manufacturing with 500 to 999 participants.
| Novares US Engine Components: employer contribution per participant | $1,150 | |
| Peer median | $2,038 |
| Novares US Engine Components: average balance | $69,429 | |
| Peer median | $72,907 |
| Novares US Engine Components: admin expenses ÷ assets | 0.25% | |
| Peer median | 0.20% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $67M at the end of plan year 2021 to $57.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 923 | $57.5M | $953K | $1,150 | 0.25% | Not published | Form 5500 ↗ |
| 2023 | 960 | $54.4M | $1.1M | $1,247 | 0.28% | Not published | Form 5500 ↗ |
| 2022 | 975 | $50.2M | $1.2M | $1,294 | 0.31% | Not published | Form 5500 ↗ |
| 2021 | 989 | $67M | $1.3M | $1,372 | 0.34% | Not published | Form 5500 ↗ |
Common questions
Does Novares US Engine Components match 401(k) contributions?
The match terms for the Novares US Engine Components, Inc. 401(k) Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $953K in employer contributions, about $1,150 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Novares US Engine Components 401(k) match vested?
The vesting schedule for the Novares US Engine Components, Inc. 401(k) Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Novares US Engine Components 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Novares US Engine Components, Inc..
I left Novares US Engine Components. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Novares US Engine Components, Inc., (262) 275-5791) or the recordkeeper, Fidelity Investments Institutional. The Novares US Engine Components old 401(k) page lists the contacts from every plan filing. Find an old Novares US Engine Components 401(k)
Data from the public Form 5500 annual reports Novares US Engine Components filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Novares US Engine Components. Not financial advice. Report a correction · Methodology