Department of Labor filing

NOVEN PHARMACEUTICALS, INC.

NOVEN PHARMACEUTICALS, INC. 401(K) PLAN · For the plan year ended Dec 31, 2024

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Public filing 2024 · received Oct 9, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

43filing comparison
out of 100

The filing looks broadly typical among comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$2,780

Reported employer contributions per active participant.

Higher than about 39% of comparable plans

#People in the filing

336

Active participants reported for 2024.

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

¢Visible plan-paid fees

$148 / participant

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

Lower cost than about 52% of comparable plans

↗Investment performance

Not available

Plan assets changed 12.2%, 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 · 202443out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions39th percentileTypical peer $3,557 · based on 507 comparable plans

Lower reported administrative expense52nd percentileTypical peer $151 · based on 492 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, NOVEN PHARMACEUTICALS, INC. reported $934,234 in employer contributions across the plan and 336 active participants. That works out to $2,780 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 proxy63%

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 trendDown 7.2%

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

Expense trendDown 19.0%

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

Peer context43/100

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: $934,234
Participant contributions: $2,622,429
Other contributions: $684,320
Employer share of reported contributions: 26.3%
Beginning assets: $55,133,574
Ending assets: $61,855,786
Ending net assets: $61,849,477
Ending liabilities: $6,309
Total income: $11,754,957
Total expenses: $5,023,525
Administrative expenses: $74,781
Participant loans: $960,072

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

$2,997

2023

$2,780

2024

$2,780

Plan-paid administrative expenses per participant

2022

$182

2023

$170

2024

$148

Active participants

2022

275

2023

296

2024

336

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$2,780	336	61.9M	20251009095208NAL0015185426001
2023	$2,780	296	55.1M	20241007134719NAL0015284545001
2022	$2,997	275	49.4M	20231013162540NAL0068470130001

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: 1.6%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 592767632-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1997
Industry: Industry group 325
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2R2S2T3H3D

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
CHARLES SCHWAB & CO., INC.	2024	Not reported	unknown
CHARLES SCHWAB INVESTMENT MANAGEME	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20251009095208NAL0015185426001

Data sourceDOL Form 5500 bulk data ↗

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