Assets by plan
Share of aggregate retirement assets
Sponsor portfolioTH
NOVELIS CORPORATION
EIN 41-2098321consumer goodsLatest filing 2024
Plans
8
Retirement
5
$1.94B assets
Welfare
3
$3.9M premiums
Participants
17,298
3550 PEACHTREE RD, SUITE 1100 - ATLANTA, GA 30326330-841-3140novelis.comLinkedIn10001+ employeesconsumer goods
Retirement portfolio analytics
5 plans aggregated / $1.94B assets / 9,240 participantsRecordkeeper share
DC plan assets by Schedule C recordkeeper
77%top
- THE VANGUARD GROUP, INC.77%
- (Not disclosed)23%
Participants by plan
Active + retired + deferred vested
Benefits portfolio analytics
3 plans / $3.9M premiums / 7,373 covered livesCoverage by line
Premium dollars by benefit type (bundled lines overlap)
- Other$3.1M
- Vision$3.1M
- Life$3.1M
- Long-term disability$807K
Carrier market share
Premium dollars by Schedule A carrier
79%top
- METROPOLITAN LIFE INSURANCE COMPANY79%
- UNUM LIFE INSURANCE COMPANY OF AMERICA21%
- CIGNA HEALTH AND LIFE INSURANCE COMPANY0%
- COMMUNITY INSURANCE COMPANY0%
Broker market share
Schedule A broker compensation
100%top
- GALLAGHER BENEFIT SERVICES, INC.100%
Plan deep-dives
Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.Retirement#034
NOVELIS SAVINGS AND RETIREMENT PLAN
401k
Assets$1.49B
Participants6,974
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#001
NOVELIS PENSION PLAN
TraditionalDB
Assets$378.2M
Participants1,231
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#042
NOVELIS TERRE HAUTE HOURLY PENSION PLAN
TraditionalDB
Assets$34.2M
Participants619
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#004
NOVELIS FAIRMONT HOURLY PENSION PLAN
TraditionalDB
Assets$23.5M
Participants258
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#003
NOVELIS WARREN HOURLY PENSION PLAN
TraditionalDB
Assets$9.6M
Participants158
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#503
NOVELIS HEALTH AND WELFARE BENEFIT PLAN
Mixed - METROPOLITAN LIFE INSURANCE COMPANY
Premiums$3.9M
Covered lives7,373
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#514
NOVELIS FAIRMONT HOURLY SUPPLEMENT UNEMPLOYMENT BENEFITS PLAN
Unknown
Premiums$0
Covered lives0
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#559
NOVELIS SEVERANCE PAY PLAN
Self Funded
Premiums$0
Covered lives0
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Retirement plans5
| Plan # | Name | Type | Assets | Participants | Latest year | |
|---|---|---|---|---|---|---|
| 034 | NOVELIS SAVINGS AND RETIREMENT PLAN | 401k | $1.49B | 6,974 | 2024 | |
| 001 | NOVELIS PENSION PLAN | TraditionalDB | $378.2M | 1,231 | 2024 | |
| 042 | NOVELIS TERRE HAUTE HOURLY PENSION PLAN | TraditionalDB | $34.2M | 619 | 2024 | |
| 004 | NOVELIS FAIRMONT HOURLY PENSION PLAN | TraditionalDB | $23.5M | 258 | 2024 | |
| 003 | NOVELIS WARREN HOURLY PENSION PLAN | TraditionalDB | $9.6M | 158 | 2024 |
Welfare plans3
| Plan # | Name | Funding | Carrier | Premiums | Covered | Latest year | |
|---|---|---|---|---|---|---|---|
| 503 | NOVELIS HEALTH AND WELFARE BENEFIT PLAN | Mixed | METROPOLITAN LIFE INSURANCE COMPANY | $3.9M | 7,373 | 2024 | |
| 514 | NOVELIS FAIRMONT HOURLY SUPPLEMENT UNEMPLOYMENT BENEFITS PLAN | Unknown | - | $0 | 0 | 2024 | |
| 559 | NOVELIS SEVERANCE PAY PLAN | Self Funded | - | $0 | 0 | 2024 |
Retirement plans
Welfare plans