# Novartis Corporation Health & Welfare Plan
Source: https://planprovider.pro/companies/novartis-corporation-131834433-541

> Novartis Corporation's Health & Welfare plan: 0 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/empower) — 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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/novartis-corporation-131834433-541)

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