Plan Snapshot
- Plan Sponsor: Novozymes North America, INC.
- Sponsor EIN: 132639630
- Sponsor Address: 77 PERRYS CHAPEL CHURCH RD, FRANKLINTON, NC, 275259677
- Plan Type: 401(k)
- Total Participants: 1,170
- Total Assets: $351.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 1,170 | $351.5M | $11.5M | $11.9M |
| 2023 | 1,228 | $311.2M | $11.4M | $11.4M |
| 2022 | 1,212 | $262.5M | $10.1M | $10.3M |
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 |
|---|---|---|---|---|
| WIPFLI LLP | Auditor | $13,491 | — | $13,491 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WIPFLI LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,491
- Estimated Expense Ratio: 0.004% 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 | $239,549 | $98,911 | $127,147 | $13,491 | — |
| 2023 | $250,305 | $33,000 | $172,305 | $45,000 | — |
| 2022 | $201,239 | $82,427 | $118,812 | — | — |