# Novavax, INC. 401(k) Plan
Source: https://planprovider.pro/companies/novavax-inc-401k-plan

> Novavax, INC.'s 401(k) plan: 767 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Novavax, INC.

- **Sponsor EIN:** 222816046

- **Sponsor Address:** 700 QUINCE ORCHARD ROAD, GAITHERSBURG, MD, 20878

- **Plan Type:** 401(k)

- **Total Participants:** 767

- **Total Assets:** $113.2M

## 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.|

| 2024|767|$113.2M|$5.5M|$13.1M|

| 2023|1,037|$97.0M|$7.0M|$15.7M|

| 2022|1,278|$65.7M|$6.0M|$13.3M|

## 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|

| JOHN HANCOCK RETIREMENT PLAN SRVCS|RETAINED BY EMPLOYER|$209,450|—|$209,450|

| SAGEVIEW ADVISORY GROUP|INVESTMENT ADVISORY|$38,563|—|$38,563|

| APRIO LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [JOHN HANCOCK RETIREMENT PLAN SRVCS](https://planprovider.pro/provider/john-hancock) — RETAINED BY EMPLOYER

- [SAGEVIEW ADVISORY GROUP](https://planprovider.pro/provider/sageview-advisory-group) — INVESTMENT ADVISORY

- [APRIO LLP](https://planprovider.pro/provider/aprio-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $248,013

- **Estimated Expense Ratio:** 0.219% 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|$248,013|$64,532|$183,481|—|—|

| 2023|$227,018|$195,467|$31,551|—|—|

| 2022|$154,249|$43,896|$110,353|—|—|

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