# Novelis Corporation DB Plan
Source: https://planprovider.pro/companies/novelis-corporation-plan-001-8321

> Novelis Corporation's DB plan: 281 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

## Similar Plans

- [Mtc Us Corp.](https://planprovider.pro/companies/mtc-us-corp-401k-plan) — 550 participants

- [Novelis Corp.](https://planprovider.pro/companies/novelis-corp-401k-plan) — 5,367 participants

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