Plan Snapshot
- Plan Sponsor: Novelis Corp.
- Sponsor EIN: 412098321
- Sponsor Address: 3550 PEACHTREE RD, ATLANTA, GA, 30326
- Plan Type: 401(k)
- Total Participants: 5,367
- Total Assets: $1.5B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 5,367 | $1.5B | $53.9M | $65.7M |
| 2023 | 5,512 | $1.3B | $48.3M | $61.4M |
| 2022 | 5,439 | $1.1B | $46.5M | $56.1M |
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 |
|---|---|---|---|---|
| FRAIZER & DEETER, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FRAIZER & DEETER, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $1,092,771 | — | — | — | — |
| 2023 | $987,328 | — | — | — | — |
| 2022 | $959,231 | — | — | — | — |