# Novo Nordisk INC. 401(k) Plan
Source: https://planprovider.pro/companies/novo-nordisk-inc-401k-plan-001

> Novo Nordisk INC.'s 401(k) plan: 8,783 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Novo Nordisk INC.

- **Sponsor EIN:** 061061602

- **Sponsor Address:** 800 SCUDDERS MILL ROAD, PLAINSBORO, NJ, 08536

- **Plan Type:** 401(k)

- **Total Participants:** 8,783

- **Total Assets:** $2.5B

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|8,783|$2.5B|$38.6M|$135.5M|

| 2023|7,851|$2.3B|$31.9M|$117.6M|

| 2022|6,805|$1.8B|$23.8M|$93.2M|

## 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|

| SCHWAB RETIREMENT PLAN SERVICES,INC|NONE|$774,372|—|$774,372|

| STATE STREET BANK AND TRUST COMPANY|NONE|$80,142|—|$80,142|

| FIDUCIENT ADVISORS LLC|NONE|$48,656|—|$48,656|

| CHARLES SCHWAB & CO., INC.|NONE|$34,604|—|$34,604|

| EISNERAMPER LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [SCHWAB RETIREMENT PLAN SERVICES,INC](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

- [CHARLES SCHWAB & CO., INC.](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

- [EISNERAMPER LLP](https://planprovider.pro/provider/eisneramper-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $937,774

- **Estimated Expense Ratio:** 0.037% 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|$903,358|$403,106|—|—|—|

| 2023|$815,842|$309,812|—|—|—|

| 2022|$710,500|$118,093|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/novo-nordisk-inc-401k-plan-001)

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