401(k) · DOL Form 5500 · 2022
Novant Health, Inc. 401(k) Plan
Data updated 2026-08-11
- $1.3B
- Total assets
- 29,747
- Participants
- 99th
- Percentile by assets
- $42,876
- Avg per participant
Official DOL plan name: Savings and Supplemental Retirement Plan of Novant Health, Inc. · Sponsored by Novant Health, Inc. · North Carolina · Healthcare & Social Assistance
$1.3B in assets, 29,747 participants
Novant Health, Inc.'s Savings and Supplemental Retirement Plan of Novant Health, Inc. reported $1.3B in total assets and 29,747 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 139,126 plans)
- #19,933 in Healthcare & Social Assistance (20,060 peers)
Coverage in North Carolina
Savings and Supplemental Retirement Plan of Novant Health, Inc. covers 29,747 participants in North Carolina, 36x the typical North Carolina plan (state average ~819 per filing). Assets: $1.3B.
- $1.3B
- total plan assets (2022 EOY)
- 29,747
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $42,876
- avg assets per participant
The plan reported a net loss of $229M 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 819 participants across 3,515 plans. Savings and Supplemental Retirement Plan of Novant Health, Inc. reports 29,747 participants - 36x that state average ($1.3B EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $1.6B |
|---|---|
| Net Assets (End of Year) | $1.3B |
| Net Income | -$229M |
| Employer EIN | 561376950 |
| Plan Effective Date | 1983-01-01 |
| 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 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Savings and Supplemental Retirement Plan of Novant Health, Inc. vs. nearby 401(k) plans in North Carolina, assets vs. participants
- The Bank of America 401(k) Plan $47.1B · 169,036
- Honeywell 401(k) Plan $14.6B · 39,007
- Duke Energy Retirement Savings Plan $9.4B · 27,731
- Truist Financial Corporation 401(k) Savings Plan $9.0B · 51,871
- Lowes 401(k) Plan $7.4B · 284,864
Scale composition for Savings and Supplemental Retirement Plan of Novant Health, Inc.
Savings and Supplemental Retirement Plan of Novant Health, Inc. reports $1.3B in end-of-year assets across 29,747 participants (0.010% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.032% of 93,925,755 covered participants) - about $42,876 per participant (31% of the national average assets-per-participant) . Net income for plan year 2022 was -$229M.
This plan identity (EIN 561376950, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.3B to $1.7B (+31.9%) while covered participants moved from 29,747 to 38,190 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 29,747 | $1.3B | This page |
| 2023 | 36,063 | $1.5B | Open filing |
| 2024 · index core | 38,190 | $1.7B | 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 401(k) Plans Nationally
401(k) plans in other states closest to Savings and Supplemental Retirement Plan of Novant Health, Inc. by total assets, not by location.
- Infineon Technologies Savings Plan (CA) $1.3B · 3,911
- Staples, Inc. Employees' 401(k) Savings Plan (MA) $1.3B · 13,729
- Teamhealth 401(k) Plan (TN) $1.3B · 16,899
- Sun Advantage Savings and Investment Plan (MA) $1.3B · 3,547
Frequently Asked Questions
How did Savings and Supplemental Retirement Plan of Novant Health, Inc. assets move in 2022? ▼
How have Novant Health, Inc. plan assets changed over time? ▼
Where does Savings and Supplemental Retirement Plan of Novant Health, Inc. rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Savings and Supplemental Retirement Plan of Novant Health, Inc.? ▼
Next read for Savings and Supplemental Retirement Plan…
Filing takeaways
Ways to act on Savings and Supplemental Retirement Plan of Novant Health, Inc.'s numbers.
- By total assets, Savings and Supplemental Retirement 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 401(k) 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