401(k) · DOL Form 5500 · 2022

Bank of Nova Scotia 401(k) Plan

Data updated 2026-08-25

$353M
Total assets Above avg plan size
1,254
Participants Near avg headcount
97th
Percentile by assets National rank
$281,249
Avg per participant High balance/head
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Official DOL plan name: Retirement Plan for Employees of Scotiabank U. S. 401(k) · Sponsored by Bank of Nova Scotia · · Finance & Insurance

$353M in assets, 1,254 participants

Bank of Nova Scotia's Retirement Plan for Employees of Scotiabank U. S. 401(k) reported $353M in total assets and 1,254 participants in its 2022 DOL Form 5500 filing, ranking in the 97th 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.

  • #8,799 in Finance & Insurance (9,261 peers)

Where Retirement Plan for Employees of Scotiabank U. S. 401(k) sits by assets

Retirement Plan for Employees of Scotiabank U. S. 401(k) sits in the top 5% of all filed plans by assets, $353M for 1,254 participants (~$281,249/participant), down 18.6% in 2022.

#8,799
in Finance & Insurance (9,261 peers)
-18.6%
assets change YoY
3.5×
vs typical plan assets (national mean)

The plan reported a net loss of $81M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Retirement Plan for Employees of Scotiabank U. S. 401(k)'s outsized position by total assets

Retirement Plan for Employees of Scotiabank U. S. 401(k) vs every filed plan by assets

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

$352,686,157 Top 3% higher than 97% 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

Retirement Plan for Employees of Scotiabank U. S. 401(k)'s large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Retirement Plan for Employees of Scotiabank U. S. 401(k) lands in the large band (1,254 participants).

Form 5500 schedule snapshot

Filing strip 134941099 · Bank of Nova Scotia PY 2022 · 401(k)

Retirement Plan for Employees of Scotiabank U. S. 401(k) · $353M · 1,254 · 97th

  • ASSETS $353M
  • ASSETS 1,254
  • ASSETS 97th
  • ASSETS 401(k)
  • ASSETS near Boardwalk Pipeline Partners, LP Savings Plan
  • ASSETS ind #8799

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 Finance & Insurance retirement plans →

Retirement Plan for Employees of Scotiabank U. S. 401(k) in the asset neighbourhood

Central Ohio Primary Care Physicians, Inc. Savings PlanCentral Ohio Primary Care Ph…$353MTractor Supply Company 401(k) Retirement Savings PlanTractor Supply Company 401(k…$353MRetirement Plan for Employees of Scotiabank U. S. 401(k)Retirement Plan for Employee…$353MBoardwalk Pipeline Partners, LP Savings PlanBoardwalk Pipeline Partners,…$353MThe 401(k) Savings Plan$352M
End-of-year total assets ($M) among Retirement Plan for Employees of Scotiabank U. S. 401(k) and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$434M
Net Assets (End of Year)$353M
Net Income-$81M
Employer EIN134941099
Plan Effective Date1988-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bank of Nova Scotia)

Sponsor-wide plan assets over time

All Bank of Nova Scotia plans reported in each filing year

Latest sponsor-wide plan assets
$610M 34.38940493999789% vs 2022
2024 filing year
$400M$450M$500M$550M$600M$650M 202220232024 $454M $610M ▲ +34.4%
Year Plans Participants Total Assets
2022 2 1,418 $454M
2023 2 1,493 $523M
2024 2 1,551 $610M

Nearby 401(k) Plans in

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Retirement Plan for Employees of Scotiabank U. S. 401(k) vs. nearby 401(k) plans in , assets vs. participants Scatter plot of 6 data points. 0500010000150002000025000 00.511.522.5 Total assets ($B) Participants Retirement Plan for Employees of Scotiabank U. S. 401(k), Total assets ($B): 0.352686157 · Participants: 1254Retirement Plan for Employees of Scotiabank U. S. 401(k)The Magna Group of Companies Retirement Savings Plans, Total assets ($B): 2.103160697 · Participants: 22890The Magna Group of Companies Retirement Savings PlansTranscanada 401(k) and Savings Plan, Total assets ($B): 0.831893942 · Participants: 2989Transcanada 401(k) and Savings PlanFour Seasons Hotels Retirement Benefit Plan, Total assets ($B): 0.746656349 · Participants: 13795Four Seasons Hotels Retirement Benefit PlanTransocean U.S. Savings Plan, Total assets ($B): 0.626279886 · Participants: 1993Transocean U.S. Savings PlanDomtar US Salaried 401(k) Plan, Total assets ($B): 0.534916882 · Participants: 1532Domtar US Salaried 401(k) Plan
Retirement Plan for Employees of Scotiabank U. S. 401(k) vs. nearby 401(k) plans in , assets vs. participants
Compare Retirement Plan for Employees of Scotiabank U. S. 401(k) side-by-side with 3 peers →

Retirement Plan for Employees of Scotiabank U. S. 401(k)'s out-of-state 401(k) peers by assets and headcount

Outside this state, the nearest 401(k) by assets is Boardwalk Pipeline Partners, LP Savings Plan in KY ($353M); by covered participants it is Carter 401(k) Plan in IN (1,254 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($353M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,254 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 Retirement Plan for Employees of Scotiabank U. S. 401(k) assets move in 2022? ▼
Retirement Plan for Employees of Scotiabank U. S. 401(k) declined sharply - down 18.6% during 2022, from $434M to $353M. Reported net income was -$81M.
How have Bank of Nova Scotia plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bank of Nova Scotia's sponsor-wide assets grew 34.4%, from $454M to $610M.
Where does Retirement Plan for Employees of Scotiabank U. S. 401(k) rank by assets among Form 5500 filers? ▼
Retirement Plan for Employees of Scotiabank U. S. 401(k) ranks in the 97th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Retirement Plan for Employees of Scotiabank U. S. 401(k)? ▼
Among 401(k) plans in other states, the closest by assets is Boardwalk Pipeline Partners, LP Savings Plan in KY ($353M, 1,212 participants).
Which 401(k) plans cover a similar participant headcount to Retirement Plan for Employees of Scotiabank U. S. 401(k)? ▼
Among 401(k) plans in other states, the closest by covered participants is Carter 401(k) Plan in IN (1,254 participants, $20M 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 134941099.

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.