Novo Distribution 401(k) match, vesting and fees
What Novo Distribution's 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 | Dolinka, Vannoord & Company Pllp (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 348 defined-contribution plans in wholesale trade with 1,000 to 4,999 participants.
| Novo Distribution: employer contribution per participant | $702 | |
| Peer median | $2,066 |
| Novo Distribution: average balance | $36,084 | |
| Peer median | $77,876 |
| Novo Distribution: admin expenses ÷ assets | 0.50% | |
| Peer median | 0.14% |
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 $36.2M at the end of plan year 2021 to $42.9M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,600 | $42.9M | $835K | $702 | 0.50% | Not published | Form 5500 ↗ |
| 2023 | 1,293 | $37.6M | $831K | $687 | 0.52% | Not published | Form 5500 ↗ |
| 2022 | 1,331 | $30.8M | $834K | $674 | 0.51% | Not published | Form 5500 ↗ |
| 2021 | 1,369 | $36.2M | $810K | $636 | 0.52% | Not published | Form 5500 ↗ |
Common questions
Does Novo Distribution match 401(k) contributions?
The match terms for the Novo Building Products have not been published from its filing yet. The plan year 2024 filing reports $835K in employer contributions, about $702 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Novo Distribution 401(k) match vested?
The vesting schedule for the Novo Building Products is not in the data published so far. Your Summary Plan Description states it.
Who manages the Novo Distribution 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Novo Distribution, LLC.
I left Novo Distribution. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Novo Distribution, LLC, (616) 772-7272) or the recordkeeper, Fidelity Investments Institutional. The Novo Distribution old 401(k) page lists the contacts from every plan filing. Find an old Novo Distribution 401(k)
Data from the public Form 5500 annual reports Novo Distribution 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 Novo Distribution. Not financial advice. Report a correction · Methodology