# Novelis Corp. 401(k) Plan
Source: https://planprovider.pro/companies/novelis-corp-401k-plan

> Novelis Corp.&#39;s 401(k) plan: 5,367 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| VANGUARD ADVISERS INC.|NONE|$548,834|—|$548,834|

| THE VANGUARD GROUP, INC.|NONE|$484,290|—|$484,290|

| CAPFINANCIAL PARTNERS, LLC|NONE|$99,192|—|$99,192|

| FRAZIER & DEETER,LLC|NONE|$5,400|—|$5,400|

### Verified Provider Profiles

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

- [VANGUARD ADVISERS INC.](https://planprovider.pro/provider/the-vanguard-group-inc) — NONE

- [THE VANGUARD GROUP, INC.](https://planprovider.pro/provider/the-vanguard-group-inc) — NONE

- [FRAZIER & DEETER,LLC](https://planprovider.pro/provider/frazier-and-deeter-llc) — NONE

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $1,137,716

- **Estimated Expense Ratio:** 0.076% 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|$1,092,771|—|—|—|—|

| 2023|$987,328|—|—|—|—|

| 2022|$959,231|—|—|—|—|

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