Plan Snapshot
- Plan Sponsor: Novo Nordisk INC
- Sponsor EIN: 061061602
- Sponsor Address: 800 SCUDDERS MILL ROAD, PLAINSBORO, NJ, 08536
- Plan Type: DC
- Plan Number: 003
- Total Participants: 8,364
- Total Assets: $1.4B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2025 | 8,364 | $1.4B | $0 | $0 |
| 2024 | 6,059 | $1.2B | $106.9M | $0 |
| 2023 | 5,631 | $1.0B | $95.5M | $0 |
| 2022 | 5,095 | $782.4M | $72.8M | $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 |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INC | Other Service Provider | $393,806 | — | $393,806 |
| FIDUCIENT ADVISORS LLC | Other Service Provider | $22,477 | — | $22,477 |
| STATE STREET BANK & TRUST COMPANY | Other Service Provider | $20,193 | — | $20,193 |
| CHARLES SCHWAB & CO. INC. | Other Service Provider | $14,385 | — | $14,385 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $450,861
- Estimated Expense Ratio: 0.032% 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 |
|---|---|---|---|---|---|
| 2025 | $53,947,986 | $197,288 | — | — | — |
| 2024 | $400,121 | $147,023 | — | — | — |
| 2023 | $348,171 | $109,926 | — | — | — |
| 2022 | $369,169 | $51,422 | — | — | — |