Plan Snapshot
- Plan Sponsor: Novelis Corporation
- Sponsor EIN: 412098321
- Sponsor Address: 3550 PEACHTREE RD, SUITE 1100, ATLANTA, GA, 30326
- Plan Type: DB
- Total Participants: 281
- Total Assets: $378.2M
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 | 281 | $378.2M | $962,146 | $0 |
| 2023 | 302 | $397.5M | $3.4M | $0 |
| 2022 | 348 | $382.4M | $6.9M | $0 |
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 |
|---|---|---|---|---|
| MERCER INVESTMENTS LLC | NONE | $1,203,747 | — | $1,203,747 |
| CAPTRUST FINANCIAL ADVISORS | NONE | $38,117 | — | $38,117 |
| PRINCIPAL | NONE | $32,807 | — | $32,807 |
| FRAZIER & DEETER | NONE | $12,000 | — | $12,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,286,671
- Estimated Expense Ratio: 0.340% 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 | $2,225,563 | $1,241,865 | — | $12,000 | — |
| 2023 | $2,560,327 | $1,620,789 | $30,938 | $2,500 | — |
| 2022 | $3,523,654 | $2,649,886 | — | — | $47,824 |