Plan Snapshot
- Plan Sponsor: Novartis Corporation
- Sponsor EIN: 131834433
- Sponsor Address: ONE HEALTH PLAZA, EAST HANOVER, NJ, 07936
- Plan Type: 401(k)
- Plan Number: 300
- Total Participants: 0
- Total Assets: $1.8B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $1.8B | $0 | $0 |
| 2023 | 0 | $2.0B | $0 | $0 |
| 2022 | 0 | $2.0B | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ARROWSTREET CAPITAL LIMITED PARTNER | Other Service Provider | $1,246,528 | — | $1,246,528 |
| FID INV INST OPS CO | Recordkeeper | $910,651 | — | $910,651 |
| TCW ASSET MGMT CO | Other Service Provider | $509,862 | — | $509,862 |
| TOWERS WATSON DELAWARE INC | Actuary | $465,850 | — | $465,850 |
| LOS ANGELES CAPITAL MANAGEMENT | Other Service Provider | $458,614 | — | $458,614 |
| STATE STREET BANK AND TRUST COMPANY | Custodian / Trustee | $360,824 | — | $360,824 |
| ALBOURNE AMERICA, LLC | Other Service Provider | $242,833 | — | $242,833 |
| MERCER INVESTMENT CONSULTING, INC | Investment Advisor | $234,060 | — | $234,060 |
| CAPITAL GUARDIAN TRUST | Other Service Provider | $231,977 | — | $231,977 |
| HUBER CAPITAL MANAGEMENT | Other Service Provider | $211,042 | — | $211,042 |
| FIDELITY INST ASSET MANAGEMENT TR | Other Service Provider | $179,017 | — | $179,017 |
| METROPOLITAN LIFE INS. CO. | Other Service Provider | $178,704 | — | $178,704 |
| STATE STREET GLOBAL ADVISORS | Custodian / Trustee | $83,812 | — | $83,812 |
| EVESTMENT CONSULTING | Other Service Provider | $21,305 | — | $21,305 |
| PARTNERS GROUP USA, INC | Other Service Provider | $11,250 | — | $11,250 |
| METROPOLITAN INSURANCE COMPANY | Other Service Provider | $6,643 | — | $6,643 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FID INV INST OPS CO — Recordkeeper
- TOWERS WATSON DELAWARE INC — Actuary
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,352,972
- Estimated Expense Ratio: 0.306% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $16,318,864 | $3,615,647 | — | — | — |
| 2023 | $19,037,054 | $2,311,857 | — | — | — |
| 2022 | $16,715,447 | $1,696,505 | — | — | $728,831 |