Department of Labor filing

NOVAVAX, INC.

NOVAVAX, INC. 401(K) PROFIT SHARING PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 10, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

70filing comparison
out of 100

The filing looks somewhat better than typical peers on the measures we can compare. This is a filing comparison, not a complete benefits score.

$Employer support

$7,155

Reported employer contributions per active participant.

Higher than about 90% of comparable plans

#People in the filing

767

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$159 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 22% of comparable plans

↗Investment performance

Not available

Plan assets changed 16.7%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202470out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions90th percentileTypical peer $1,543 · based on 691 comparable plans

Lower reported administrative expense22nd percentileTypical peer $91 · based on 742 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, NOVAVAX, INC. reported $5,488,065 in employer contributions across the plan and 767 active participants. That works out to $7,155 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy58%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 53.0%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 16.4%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context70/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $5,488,065
Participant contributions: $13,079,403
Other contributions: $3,249,950
Employer share of reported contributions: 29.6%
Beginning assets: $96,973,350
Ending assets: $113,194,803
Ending net assets: $113,194,803
Ending liabilities: $0
Total income: $35,141,367
Total expenses: $18,919,914
Administrative expenses: $248,013
Participant loans: $1,442,986

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$4,678

2023

$6,777

2024

$7,155

Plan-paid administrative expenses per participant

2022

$137

2023

$144

2024

$159

Active participants

2022

1,278

2023

1,037

2024

767

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$7,155	767	113.2M	20251010093408NAL0007445361001
2023	$6,777	1,037	97M	20240925125600NAL0005461875001
2022	$4,678	1,278	65.7M	20231011133956NAL0039589712001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.3%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 222816046-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1997
Industry: Health care and social assistance
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2A2E2F2G2J2K2T3D2S

Current plan terms

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Filing ACK_ID20251010093408NAL0007445361001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗