Employers › Novo Nordisk A/S
Recordkeeping fees per participant · Novo Nordisk Inc. 401(k) Savings Plan · plan year 2024
$44.46
Higher than 74% of the 790 plans over $1B that report it.
= $500,252 / 11,252
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250717145005NAL0000503985002, received 2025-07-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250717145005NAL0000503985002, received 2025-07-17
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-17.
Administrative expenses excluding investment management, per participant
$44.46
Higher than 50% of the 1,045 plans over $1B that report it.
= $500,252 / 11,252
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250717145005NAL0000503985002, received 2025-07-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250717145005NAL0000503985002, received 2025-07-17
Administrative expenses per participant
$80.28
Higher than 59% of the 1,076 plans over $1B that report it.
= $903,358 / 11,252
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250717145005NAL0000503985002, received 2025-07-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250717145005NAL0000503985002, received 2025-07-17
Administrative expenses as a share of assets
0.036%
Higher than 37% of the 1,076 plans over $1B that report it.
= $903,358 / $2,538,744,944
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250717145005NAL0000503985002, received 2025-07-17
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250717145005NAL0000503985002, received 2025-07-17
Employer contributions per participant
$3,428
Higher than 44% of the 1,135 plans over $1B that report it.
= $38,573,672 / 11,252
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250717145005NAL0000503985002, received 2025-07-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250717145005NAL0000503985002, received 2025-07-17
Employer share of total contributions
18.1%
Higher than 7% of the 1,135 plans over $1B that report it.
= $38,573,672 / $213,622,642
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250717145005NAL0000503985002, received 2025-07-17
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250717145005NAL0000503985002, received 2025-07-17
Employer match
“The Company makes matching contributions in cash for all eligible participants equal to 50% of employees’ before-tax contributions up to 2% of compensation, if the eligible participants are contributing at least 2% of their eligible annual compensation.”
Form 11-K filed 2026-06-22, for the year ended 2025-12-31 · plan description note, contributions · source document
Vesting
“Vesting in the employer’s basic, matching and discretionary contribution portion of their accounts, plus actual earnings thereon, is as follows:”
Form 11-K filed 2026-06-22, for the year ended 2025-12-31 · plan description note, vesting · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250717145005NAL0000503985002, received 2025-07-17
| Field | Value | Source |
|---|---|---|
| Plan sponsor | NOVO NORDISK INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Plan name | NOVO NORDISK INC. 401(K) SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Sponsor EIN / plan number | 06-1061602 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Sponsor location | PLAINSBORO, NJ | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Industry (business code) | 325410, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Filing received | 2025-07-17 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Participants, beginning of year | 10,335 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Active participants | 8,783 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Participants, end of year | 11,320 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Participants with an account balance | 11,252 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Total assets, beginning of year | $2,303,296,181 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Total assets, end of year | $2,538,744,944 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Net assets, end of year | $2,538,744,944 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Total income | $418,196,628 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Net income | $235,448,763 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Employer contributions | $38,573,672 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Participant contributions | $135,495,112 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Other contributions (incl. rollovers) | $39,553,858 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Total contributions | $213,622,642 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Benefit payments | $180,988,535 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Total expenses (incl. benefit payments) | $182,747,865 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Total administrative expenses | $903,358 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Recordkeeping fees | $500,252 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Investment advisory and management fees | $403,106 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Administrative expenses excluding investment management | $500,252 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Held in common/collective trusts | $941,168,567 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Held in mutual funds | $1,065,330,174 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250717145005NAL0000503985002, received 2025-07-17 |
| Independent auditor | EISNERAMPER LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250717145005NAL0000503985002, received 2025-07-17 |
Position = column in the DOL layout for form year 2024. Filing 20250717145005NAL0000503985002, received 2025-07-17.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INCrecordkeeper | NONE | 15 Recordkeeping and information management; 26 Investment advisory (participants); 50 Direct payment from the plan; 64 Recordkeeping fees | $774,372 | no |
| STATE STREET BANK AND TRUST COMPANY | NONE | 28 Investment management; 50 Direct payment from the plan | $80,142 | no |
| FIDUCIENT ADVISORS LLC | NONE | 28 Investment management; 50 Direct payment from the plan | $48,656 | no |
| CHARLES SCHWAB & CO., INC. | NONE | 33 Securities brokerage; 50 Direct payment from the plan; 71 Securities brokerage commissions and fees | $34,604 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250717145005NAL0000503985002, received 2025-07-17.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $2,303,296,181 | $2,538,744,944 | 10.2% |
| Participants with a balance | 10,201 | 11,252 | 10.3% |
| Administrative expenses | $815,842 | $903,358 | 10.7% |
| Recordkeeping fees per participant | $49.61 | $44.46 | -10.4% |
| Employer contributions | $31,888,624 | $38,573,672 | 21.0% |
Prior filing 20240621091103NAL0001623139001, received 2024-06-21; the plan years are contiguous.
Sponsor name as filed: NOVO NORDISK INC.; SEC registrant: NOVO NORDISK A S (CIK 353278, matched by 11-K plan title; display name from the Form 11-K cover).