Department of Labor filing

NUVALENCE, LLC

NUVALENCE, LLC 401(K) PLAN · For the plan year ended Dec 31, 2023

Public filing 2023 · received Jul 16, 2024Verified current terms Not available

Plan at a glance

How good does the filing look?

62filing 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

$4,988

Reported employer contributions per active participant.

Higher than about 76% of comparable plans

#People in the filing

131

Active participants reported for 2023.

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

¢Visible plan-paid fees

$235 / participant

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

Lower cost than about 29% of comparable plans

↗Investment performance

Not available

Plan assets changed 95.1%, 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 · 202362out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions76th percentileTypical peer $2,986 · based on 5,551 comparable plans

Lower reported administrative expense29th percentileTypical peer $149 · based on 5,714 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, 2023, NUVALENCE, LLC reported $653,424 in employer contributions across the plan and 131 active participants. That works out to $4,988 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 proxy100%

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 0.0%

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

Expense trendUp 0.0%

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

Peer context62/100

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: $653,424
Participant contributions: $1,492,983
Other contributions: $312,226
Employer share of reported contributions: 30.4%
Beginning assets: $2,924,684
Ending assets: $5,706,033
Ending net assets: $5,706,033
Ending liabilities: $0
Total income: $3,230,522
Total expenses: $449,173
Administrative expenses: $35,324
Participant loans: Not reported

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

2023

$4,988

Plan-paid administrative expenses per participant

2023

$235

Active participants

2023

131

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2023	$4,988	131	5.7M	20240716123651NAL0004406432001

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: Not stated in the filing
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 831582025-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 2020
Industry: Professional, scientific, and technical services
Amended filing: Yes
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2A2E2J2F2G3D2T

Current plan terms

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Filing ACK_ID20240716123651NAL0004406432001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗