Profit Sharing · DOL Form 5500 · 2022
Novant Health, Inc. Profit Sharing Plan
Data updated 2026-08-06
- $1.9B
- Total assets
- 29,251
- Participants
- 99th
- Percentile by assets
- $63,944
- Avg per participant
Official DOL plan name: Tax Deferred Savings Plan of Novant Health, Inc. · Sponsored by Novant Health, Inc. · North Carolina · Healthcare & Social Assistance
$1.9B in assets, 29,251 participants
Novant Health, Inc.'s Tax Deferred Savings Plan of Novant Health, Inc. reported $1.9B in total assets and 29,251 participants in its 2022 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 99th percentile by assets (of 139,258 plans)
- #20,004 in Healthcare & Social Assistance (20,087 peers)
Coverage in North Carolina
Tax Deferred Savings Plan of Novant Health, Inc. covers 29,251 participants in North Carolina, 35x the typical North Carolina plan (state average ~846 per filing). Assets: $1.9B.
- $1.9B
- total plan assets (2022 EOY)
- 29,251
- covered participants
- 99th
- percentile by assets (of 139,258 plans)
- $63,944
- avg assets per participant
The plan reported a net loss of $321M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 846 participants across 3,325 plans. Tax Deferred Savings Plan of Novant Health, Inc. reports 29,251 participants - 35x that state average ($1.9B EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $2.3B |
|---|---|
| Net Assets (End of Year) | $1.9B |
| Net Income | -$321M |
| Employer EIN | 561376950 |
| Plan Effective Date | 1993-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Novant Health, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 58,998 | $3.1B |
| 2023 | 2 | 72,120 | $3.7B |
| 2024 | 3 | 77,326 | $4.3B |
Nearby Profit Sharing Plans in North Carolina
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Tax Deferred Savings Plan of Novant Health, Inc. vs. nearby Profit Sharing plans in North Carolina, assets vs. participants
- Wakemed Retirement Savings Plan $1.1B · 11,689
- Charter Communications, Inc. Retirement Accumulation Plan $993M · 88,468
- Firsthealth of the Carolinas, Inc. Retirement Growth Plan $95M · 5,217
- Baker & Taylor Retirement Savings Plan $60M · 1,358
- Intermec Fssp Spinoff Plan $52M · 91
Scale composition for Tax Deferred Savings Plan of Novant Health, Inc.
Tax Deferred Savings Plan of Novant Health, Inc. reports $1.9B in end-of-year assets across 29,251 participants (0.016% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.033% of 89,805,449 covered participants) - about $63,944 per participant (47% of the national average assets-per-participant) . Net income for plan year 2022 was -$321M.
This plan identity (EIN 561376950, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.9B to $2.5B (+36.0%) while covered participants moved from 29,251 to 38,137 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 29,251 | $1.9B | This page |
| 2023 | 36,057 | $2.2B | Open filing |
| 2024 · index core | 38,137 | $2.5B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Tax Deferred Savings Plan of Novant Health, Inc. (Profit Sharing, $2.5B, 38,137 participants)
- Savings and Supplemental Retirement Plan of Novant Health, Inc. (401(k), $1.7B, 38,190 participants)
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Tax Deferred Savings Plan of Novant Health, Inc. by total assets, not by location.
- Princeton University Retirement Plan (NJ) $1.8B · 8,141
- Annuity Plan of the Electrical Industry (NY) $2.0B · 19,997
- Commonspirit Health ERISA 403(b) Plan (KY) $2.0B · 31,174
- Eastern Atlantic States Carpenters Annuity Fund (PA) $2.0B · 8,058
Frequently Asked Questions
How did Tax Deferred Savings Plan of Novant Health, Inc. assets move in 2022? ▼
How have Novant Health, Inc. plan assets changed over time? ▼
Where does Tax Deferred Savings Plan of Novant Health, Inc. rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to Tax Deferred Savings Plan of Novant Health, Inc.? ▼
Next read for Tax Deferred Savings Plan of Novant Heal…
Filing takeaways
Ways to act on Tax Deferred Savings Plan of Novant Health, Inc.'s numbers.
- By total assets, Tax Deferred Savings Plan of Novant Health, Inc. ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in North Carolina. Compare plans
- Novant Health, Inc.'s sponsor-wide assets have grown 36.9% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans