Plan Snapshot
- Plan Sponsor: Novocure INC.
- Sponsor EIN: 205063536
- Sponsor Address: 195 COMMERCE WAY, PORTSMOUTH, NH, 03801
- Plan Type: 401(k)
- Total Participants: 664
- Total Assets: $59.1M
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 | 664 | $59.1M | $2.1M | $6.6M |
| 2023 | 643 | $53.2M | $2.4M | $7.5M |
| 2022 | 656 | $39.8M | $2.0M | $6.6M |
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 |
|---|---|---|---|---|
| COMPASS RETIREMENT CONSULTING GR | Other Service Provider | $13,526 | — | $13,526 |
| VOYA RETIREMENT ADVISORS, LLC | Other Service Provider | $7,816 | — | $7,816 |
| GRAY, GRAY, AND GRAY LLP | Other Service Provider | $7,000 | — | $7,000 |
| WELLS FARGO ADVISORS | Other Service Provider | $5,400 | — | $5,400 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,742
- Estimated Expense Ratio: 0.057% 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 | $65,204 | $34,434 | $10,800 | — | — |
| 2023 | $50,562 | — | $50,562 | — | — |
| 2022 | $38,220 | — | — | — | $38,220 |