401(k) · DOL Form 5500 · 2022

Novant Health, Inc. 401(k) Plan

Data updated 2026-08-25

$1.3B
Total assets Very large vs avg
29,747
Participants Very large workforce
99th
Percentile by assets National rank
$42,876
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#19,933
in Healthcare & Social Assistance (20,060 peers)
-18.3%
assets change YoY
13×
vs typical plan assets (national mean)

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.

Savings and Supplemental Retirement Plan of Novant Health, Inc.'s outsized position by total assets

Savings and Supplemental Retirement Plan of Novant Health, Inc. vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$1,275,434,210 Top 1% higher than 99% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Savings and Supplemental Retirement 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. Savings and Supplemental Retirement Plan of Novant Health, Inc. is a mega filing (29,747 participants), the rightmost band on the breakdown.

EBSA filing schedule strip

Filing strip 561376950 · Novant Health, Inc. PY 2022 · 401(k)

Savings and Supplemental Retirement Plan of Novant Health, Inc. · $1.3B · 29,747 · 99th

  • TYPE $1.3B
  • TYPE 29,747
  • TYPE 99th
  • TYPE 401(k)
  • TYPE near Infineon Technologies Savings Plan
  • TYPE ind #19933

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 →

Savings and Supplemental Retirement Plan of Novant Health, Inc. in the asset neighbourhood

Savings and Supplemental Retirement Plan of Novant Health, Inc.Savings and Supplemental Ret…$1.3BInfineon Technologies Savings PlanInfineon Technologies Saving…$1.3BStaples, Inc. Employees' 401(k) Savings PlanStaples, Inc. Employees' 401…$1.3BTeamhealth 401(k) Plan$1.3BSun Advantage Savings and Investment PlanSun Advantage Savings and In…$1.3B
End-of-year total assets ($B) among Savings and Supplemental Retirement Plan of Novant Health, Inc. and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

North Carolina filing particulars

Total Assets (Beginning of Year)$1.6B
Net Assets (End of Year)$1.3B
Net Income-$229M
Employer EIN561376950
Plan Effective Date1983-01-01
Filing StatusFILING 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
$3B$3.5B$4B$4.5B 202220232024 $3.15B $4.31B ▲ +36.8%
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 Scatter plot of 6 data points. 0100000200000300000 -200204060 Total assets ($B) Participants Savings and Supplemental Retirement Plan of Novant Health, Inc., Total assets ($B): 1.27543421 · Participants: 29747Savings and Supplemental Retirement Plan of Novant Health, Inc.The Bank of America 401(k) Plan, Total assets ($B): 47.134026012 · Participants: 169036The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 14.565715066 · Participants: 39007Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 9.364902 · Participants: 27731Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 8.965353965 · Participants: 51871Truist Financial Corporation 401(k) Savings PlanLowes 401(k) Plan, Total assets ($B): 7.355936526 · Participants: 284864Lowes 401(k) Plan
Savings and Supplemental Retirement Plan of Novant Health, Inc. vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Savings and Supplemental Retirement Plan of Novant Health, Inc. side-by-side with 3 peers →

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:

Savings and Supplemental Retirement Plan of Novant Health, Inc.'s out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Infineon Technologies Savings Plan in CA ($1.3B); by covered participants it is Pilot Catastrophe Services, Inc. 401(k) Profit Sharing Plan in AL (29,737 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.3B here).

Similar participant headcount

Nearest other-state filings by covered participants (29,747 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Savings and Supplemental Retirement Plan of Novant Health, Inc. assets move in 2022? ▼
Savings and Supplemental Retirement Plan of Novant Health, Inc. declined sharply - down 18.3% during 2022, from $1.6B to $1.3B. Reported net income was -$229M.
How have Novant Health, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Novant Health, Inc.'s sponsor-wide assets grew 36.9%, from $3.1B to $4.3B.
Where does Savings and Supplemental Retirement Plan of Novant Health, Inc. rank by assets among Form 5500 filers? ▼
Savings and Supplemental Retirement Plan of Novant Health, Inc. ranks in the 99th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Savings and Supplemental Retirement Plan of Novant Health, Inc.? ▼
Among 401(k) plans in other states, the closest by assets is Infineon Technologies Savings Plan in CA ($1.3B, 3,911 participants).
Which 401(k) plans cover a similar participant headcount to Savings and Supplemental Retirement Plan of Novant Health, Inc.? ▼
Among 401(k) plans in other states, the closest by covered participants is Pilot Catastrophe Services, Inc. 401(k) Profit Sharing Plan in AL (29,737 participants, $129M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 561376950.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.