401(k) · DOL Form 5500 · 2022

Novanta Corporation 401(k) Plan

Data updated 2026-08-25

$139M
Total assets Near avg plan size
891
Participants Near avg headcount
94th
Percentile by assets National rank
$156,086
Avg per participant Above avg balance/head
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Official DOL plan name: Novanta Corporation 401(k) Plan · Sponsored by Novanta Corporation · Massachusetts · Manufacturing

$139M in assets, 891 participants

Novanta Corporation's Novanta Corporation 401(k) Plan reported $139M in total assets and 891 participants in its 2022 DOL Form 5500 filing, ranking in the 94th 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.

  • #18,785 in Manufacturing (20,602 peers)

Where Novanta Corporation 401(k) Plan sits by assets

Novanta Corporation 401(k) Plan sits in the top 10% of all filed plans by assets, $139M for 891 participants (~$156,086/participant), down 14.9% in 2022.

#18,785
in Manufacturing (20,602 peers)
-14.9%
assets change YoY
1.4×
vs typical plan assets (national mean)

The plan reported a net loss of $24M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Novanta Corporation 401(k) Plan's outsized position by total assets

Novanta Corporation 401(k) Plan vs every filed plan by assets

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

$139,072,251 Top 6% higher than 94% 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

Novanta Corporation 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Novanta Corporation 401(k) Plan sits mid-pack in the medium band (891 participants).

DOL schedule card

Filing strip 381859358 · Novanta Corporation PY 2022 · 401(k)

Novanta Corporation 401(k) Plan · $139M · 891 · 94th

  • ASSETS $139M
  • ASSETS 891
  • ASSETS 94th
  • ASSETS 401(k)
  • ASSETS near Rambus Inc. 401(k) Plan
  • ASSETS ind #18785

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 Manufacturing retirement plans → · Plans in Massachusetts →

Novanta Corporation 401(k) Plan in the asset neighbourhood

The Hillman Group, Inc. Retirement Savings and Profit Sharing PlanThe Hillman Group, Inc. Reti…$139MNovanta Corporation 401(k) PlanNovanta Corporation 401(k) P…$139MRambus Inc. 401(k) Plan$139MStanley Electric Associates 401(k) PlanStanley Electric Associates …$139MNexteer Automotive Hourly 401(k) Retirement PlanNexteer Automotive Hourly 40…$139M
End-of-year total assets ($M) among Novanta Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$164M
Net Assets (End of Year)$139M
Net Income-$24M
Employer EIN381859358
Plan Effective Date1984-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Novanta Corporation)

Sponsor-wide plan assets over time

All Novanta Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$271M 28.407396911299% vs 2022
2024 filing year
$200M$220M$240M$260M$280M 202220232024 $211M $271M ▲ +28.4%
Year Plans Participants Total Assets
2022 2 1,236 $211M
2023 2 1,307 $251M
2024 2 1,186 $271M

Nearby 401(k) Plans in Massachusetts

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

Novanta Corporation 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -100102030 Total assets ($B) Participants Novanta Corporation 401(k) Plan, Total assets ($B): 0.139072251 · Participants: 891Novanta Corporation 401(k) PlanFidelity Retirement Savings Plan, Total assets ($B): 22.953563448 · Participants: 52036Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 8.79802945 · Participants: 32843Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 5.810585521 · Participants: 13690Massachusetts Institute of Technology Supplemental 401(k) PlanPhilips North America 401(k) Plan, Total assets ($B): 5.180251859 · Participants: 19750Philips North America 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 4.853752256 · Participants: 18359Boston Scientific Corporation 401(k) Retirement Savings Plan
Novanta Corporation 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Novanta Corporation 401(k) Plan side-by-side with 3 peers →

Novanta Corporation 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Rambus Inc. 401(k) Plan in CA ($139M); by covered participants it is Bay Family of Companies 401(k) Plan in WI (891 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($139M here).

Similar participant headcount

Nearest other-state filings by covered participants (891 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 Novanta Corporation 401(k) Plan assets move in 2022? ▼
Novanta Corporation 401(k) Plan pulled back noticeably - down 14.9% during 2022, from $164M to $139M. Reported net income was -$24M.
How have Novanta Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Novanta Corporation's sponsor-wide assets grew 28.4%, from $211M to $271M.
Where does Novanta Corporation 401(k) Plan rank by assets among Form 5500 filers? ▼
Novanta Corporation 401(k) Plan ranks in the 94th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Novanta Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Rambus Inc. 401(k) Plan in CA ($139M, 273 participants).
Which 401(k) plans cover a similar participant headcount to Novanta Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Bay Family of Companies 401(k) Plan in WI (891 participants, $59M 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 381859358.

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.