Profit Sharing · DOL Form 5500 · 2022
Novant Health, Inc. Profit Sharing Plan
Data updated 2026-08-25
- $1.9B
- Total assets Very large vs avg
- 29,251
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $63,944
- Avg per participant Low balance/head
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.
- #19,977 in Healthcare & Social Assistance (20,060 peers)
Coverage in North Carolina
Tax Deferred Savings Plan of Novant Health, Inc. covers 29,251 participants in North Carolina, 36x the typical North Carolina plan (state average ~819 per filing). Assets: $1.9B.
- #19,977
- in Healthcare & Social Assistance (20,060 peers)
- -19.0%
- assets change YoY
- 19×
- vs typical plan assets (national mean)
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.
Tax Deferred Savings Plan of Novant Health, Inc.'s outsized position by total assets
Tax Deferred Savings Plan of Novant Health, Inc. vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$1,870,436,298 Top 1% higher than 99% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Tax Deferred Savings Plan of Novant Health, Inc.'s mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Tax Deferred Savings Plan of Novant Health, Inc. is a mega filing (29,251 participants), the rightmost band on the breakdown.
DOL schedule card
Filing strip 561376950 · Novant Health, Inc. PY 2022 · Profit Sharing
Tax Deferred Savings Plan of Novant Health, Inc. · $1.9B · 29,251 · 99th
- EIN $1.9B
- RANK 29,251
- PHOTO 99th
- IND Profit Sharing
- EOY near Princeton University Retirement Plan
- 5500 ind #19977
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Healthcare & Social Assistance retirement plans → · Plans in North Carolina →
Tax Deferred Savings Plan of Novant Health, Inc. in the asset neighbourhood
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.)
Sponsor-wide plan assets over time
All Novant Health, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $4.3B 36.898536416172156% vs 2022
- 2024 filing year
| 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.
- 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 (0.015% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.031% of 93,925,755 covered participants) - about $63,944 per participant (46% 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)
Tax Deferred Savings Plan of Novant Health, Inc.'s out-of-state Profit Sharing peers by assets and headcount
Outside North Carolina, the nearest Profit Sharing by assets is Princeton University Retirement Plan in NJ ($1.8B); by covered participants it is Disney Retirement Savings Plan in CA (30,171 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.9B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (29,251 participants); asset peers above are excluded.
- Disney Retirement Savings Plan (CA) 30,171 · 920 off
- The Defined Contribution Plan of the Methodist Hospital (TX) 27,959 · 1,292 off
- Prisma Health Retirement Savings Plan (SC) 27,548 · 1,703 off
- I.a.M. National 401(k) Plan (DC) 31,325 · 2,074 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.