Retirement plan

NOVOCURE, INC. 401(K) RETIREMENT PLAN

Name: NOVOCURE, INC. - NOVOCURE, INC. 401(K) RETIREMENT PLAN (2018) Form 5500
Creator: NOVOCURE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NOVOCURE, INC. 401(K) RETIREMENT PLAN, NOVOCURE, INC.

NOVOCURE, INC.EIN 20-5063536Plan #001PY 2018

195 COMMERCE WAY - PORTSMOUTH, NH 038015663603-436-2809

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$10.4M

+18.1% from 2017

Total participants

463

+23.8% from 2017

Average account balance

$23,755

-6.8% from 2017

Annual return

-0.83%

-24.38 pp from 2017

Benchmarks

See 3,850 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,850 peers

Snapshot2018

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$59.09M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$56K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,056

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.76M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.82%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$62

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
THE ANGELL PENSION GROUP, INC.1 year Filed as: AFC PENSIONS Service code 99 · EIN 04-2530412	Other Fees	$15,149
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-3297908	Advisory (Participants)	$1,218
VOYA RETIREMENT INSURANCE & ANNUITY4+ years Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 26 · EIN 71-0294708	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$20K

$57 / participant

Contract admin$5K24.9%
Other / not subdivided$15K75.1%

% of EOY assets

0.194%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: LITMANGERSON ASSOCIATES, LLP
Auditor EIN: 042694095
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,755

$37,196-36.1%

$154,111-84.6%

$55,725-57.4%

Participation rate

92.7%

64.1%+28.6pp

83.0%+9.6pp

70.9%+21.8pp

Annual return

-0.83%

1319.68%-1320.5pp

735.18%-736.0pp

244.93%-245.8pp

Employer contribution / active EE

$1,614-100.0%

$5,298-100.0%

$2,078-100.0%

Participant deferral / active EE

$6,819

$2,068+229.7%

$5,081+34.2%

$3,356+103.2%

Admin fee / account holder

$46

$102-54.6%

$13,411-99.7%

$115-59.9%

Provider

Service type

Compensation

THE ANGELL PENSION GROUP, INC.1 year

Filed as: AFC PENSIONS

Service code 99 · EIN 04-2530412

Other Fees

$15,149

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-3297908

Advisory (Participants)

$1,218

VOYA RETIREMENT INSURANCE & ANNUITY4+ years

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 26 · EIN 71-0294708

Advisory (Participants)

NOVOCURE, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NOVOCURE, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion