NOVEN PHARMACEUTICALS, INC. 401(K) PLAN
Plan Contact
- Address: 11960 SOUTHWEST 144 STREET,MIAMI,FL
- Contact person: JOHN CHOI
- Phone: (305) 964-3496
Plan General Information
NOVEN PHARMACEUTICALS, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of NOVEN PHARMACEUTICALS, INC. 401(K) PLAN is $55,133,574.00.This plan was established in 1997.
NOVEN PHARMACEUTICALS, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NOVEN PHARMACEUTICALS, INC. 401(K) PLAN is 506
NOVEN PHARMACEUTICALS, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for NOVEN PHARMACEUTICALS, INC. 401(K) PLAN is $108,959.00
NOVEN PHARMACEUTICALS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for NOVEN PHARMACEUTICALS, INC. 401(K) PLAN is $3,720.00.
NOVEN PHARMACEUTICALS, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NOVEN PHARMACEUTICALS, INC. 401(K) PLAN is approximately $1,626.00
Investing in this additonal $1,626.00 for 20 years would give you extra $104,093.00, assuming a 10% annual return.
Investing in this additonal $1,626.00 for 20 years would give you extra $104,093.00, assuming a 10% annual return.
NOVEN PHARMACEUTICALS, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, NOVEN PHARMACEUTICALS, INC. 401(K) PLAN allocates $822,989.00 to match its employees' contributions, providing an employer match rate of 34.84% of their contributions
NOVEN PHARMACEUTICALS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of NOVEN PHARMACEUTICALS, INC. 401(K) PLAN is 11.51%.
NOVEN PHARMACEUTICALS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for NOVEN PHARMACEUTICALS, INC. 401(K) PLAN is 16.79%. This measures the effectiveness of the plan participants' investments in the year.
NOVEN PHARMACEUTICALS, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of NOVEN PHARMACEUTICALS, INC. 401(K) PLAN is 0.16%.
Enrollment Features
NOVEN PHARMACEUTICALS, INC. 401(K) PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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