Plan Snapshot
- Plan Sponsor: Novelis Corporation
- Sponsor EIN: 412098321
- Sponsor Address: 3550 PEACHTREE RD SUITE 1100, ATLANTA, GA, 30326
- Plan Type: DB
- Total Participants: 19
- Total Assets: $9.6M
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 | 19 | $9.6M | $225,070 | $0 |
| 2023 | 22 | $10.1M | $238,000 | $0 |
| 2022 | 26 | $10.0M | $290,000 | $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 |
|---|---|---|---|---|
| FRAZIER & DEETER | Auditor | $15,000 | — | $15,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,000
- Estimated Expense Ratio: 0.156% 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 | $186,899 | $62,700 | — | $15,000 | — |
| 2023 | $211,280 | $82,229 | $10,119 | — | — |
| 2022 | $195,729 | $98,503 | — | — | $24,826 |