Plan Snapshot
- Plan Sponsor: Novartis Corporation
- Sponsor EIN: 131834433
- Sponsor Address: ONE HEALTH PLAZA, EAST HANOVER, NJ, 079363142
- Plan Type: Health & Welfare
- Plan Number: 541
- Total Participants: 0
- Total Assets: $83.0M
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 | $83.0M | $18.8M | $15.4M |
| 2023 | 0 | $73.4M | $30.5M | $13.5M |
| 2022 | 9,671 | $61.9M | $35.6M | $12.3M |
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 |
|---|---|---|---|---|
| HORIZON HEALTHCARE SERVICES INC | Recordkeeper | $839,926 | $30,536 | $870,462 |
| CVS PHARMACY, INC | Recordkeeper | $311,577 | — | $311,577 |
| PRUDENTIAL INSURANCE CO. | Recordkeeper | $275,094 | — | $275,094 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PRUDENTIAL INSURANCE CO. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,457,133
- Estimated Expense Ratio: 1.756% 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 | $1,021,246 | — | $984,719 | — | — |
| 2023 | $1,766,922 | — | $1,729,132 | — | — |
| 2022 | $5,044,541 | — | $1,731,305 | — | — |