Plan Snapshot
- Plan Sponsor: Novan, INC.
- Sponsor EIN: 204427682
- Sponsor Address: 4020 STIRRUP CREEK DRIVE, DURHAM, NC, 27703
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 0
- Total Assets: $3.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|
| 2023 | 0 | $3.2M | $510,932 | $927,085 |
| 2022 | 89 | $5.1M | $598,212 | $1.1M |