# Novartis Corporation Health & Welfare Plan
Source: https://planprovider.pro/companies/novartis-corporation-131834433-542

> Novartis Corporation's Health & Welfare plan: 12,421 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:** 542

- **Total Participants:** 12,421

- **Total Assets:** $49.9M

## 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|12,421|$49.9M|$6.8M|$2.4M|

| 2023|12,645|$44.1M|$7.6M|$2.6M|

| 2022|13,628|$37.7M|$8.5M|$2.9M|

## 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|

| METROPOLITAN LIFE INSURANCE COMPANY|Recordkeeper|$338,891|—|$338,891|

| NORTHERN TRUST|Other Service Provider|$60,521|—|$60,521|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $399,412

- **Estimated Expense Ratio:** 0.800% 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|$399,410|—|$399,410|—|—|

| 2023|$436,605|—|$349,762|—|—|

| 2022|$560,070|—|$560,070|—|—|

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