401(k) · DOL Form 5500 · 2023
Novo Nordisk Inc. 401(k) Plan
Data updated 2026-08-11
- $2.3B
- Total assets
- 6,993
- Participants
- 99th
- Percentile by assets
- $329,372
- Avg per participant
Official DOL plan name: Novo Nordisk Inc. 401(k) Savings Plan · Sponsored by Novo Nordisk Inc. · New Jersey · Manufacturing
$2.3B in assets, 6,993 participants
Novo Nordisk Inc.'s Novo Nordisk Inc. 401(k) Savings Plan reported $2.3B in total assets and 6,993 participants in its 2023 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 127,072 plans)
- #18,509 in Manufacturing (18,722 peers)
Coverage in New Jersey
Novo Nordisk Inc. 401(k) Savings Plan covers 6,993 participants in New Jersey, 8.3x the typical New Jersey plan (state average ~844 per filing). Assets: $2.3B.
- $2.3B
- total plan assets (2023 EOY)
- 6,993
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $329,372
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Novo Nordisk Inc. 401(k) Savings Plan reported net income rose from -$226M in the plan year 2022 filing to $534M in the plan year 2023 filing.
- Novo Nordisk Inc. 401(k) Savings Plan end-of-year assets rose from $1.8B in the plan year 2022 filing to $2.3B in the plan year 2023 filing.
- Novo Nordisk Inc. 401(k) Savings Plan reported participants rose from 5,770 in the plan year 2022 filing to 6,993 in the plan year 2023 filing.
Participants vs New Jersey filers
In New Jersey, the average filing covers about 844 participants across 4,145 plans. Novo Nordisk Inc. 401(k) Savings Plan reports 6,993 participants - 8.3x that state average ($2.3B EOY assets).
New Jersey filing particulars
| Total Assets (Beginning of Year) | $1.8B |
|---|---|
| Net Assets (End of Year) | $2.3B |
| Net Income | $534M |
| Employer EIN | 061061602 |
| Plan Effective Date | 1983-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Novo Nordisk Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 10,569 | $2.6B |
| 2023 | 3 | 12,133 | $3.3B |
| 2024 | 3 | 13,565 | $3.8B |
Nearby 401(k) Plans in New Jersey
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Novo Nordisk Inc. 401(k) Savings Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants
- JPMorgan Chase 401(k) Savings Plan $44.6B · 176,610
- Verizon Savings Plan for Management Employees $27.8B · 78,072
- Johnson and Johnson Savings Plan $22.2B · 41,291
- Ernst & Young Retirement Savings Plan $15.5B · 59,346
- Merck US Savings Plan $13.4B · 26,850
Scale composition for Novo Nordisk Inc. 401(k) Savings Plan
Novo Nordisk Inc. 401(k) Savings Plan reports $2.3B in end-of-year assets across 6,993 participants (0.019% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $329,372 per participant (2.4x the national average assets-per-participant) . Net income for plan year 2023 was $534M.
This plan identity (EIN 061061602, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.8B to $2.5B (+43.5%) while covered participants moved from 5,770 to 7,904 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,770 | $1.8B | Open filing |
| 2023 | 6,993 | $2.3B | This page |
| 2024 · index core | 7,904 | $2.5B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Novo Nordisk Inc. 401(k) Savings Plan (401(k), $2.5B, 7,904 participants)
- Novo Nordisk Inc. Money Purchase Plan (Defined Benefit (Pension), $1.2B, 5,655 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Novo Nordisk Inc. 401(k) Savings Plan by total assets, not by location.
- The Goodyear Tire & Rubber Company Employee Savings Plan for Salaried Employees (OH) $2.3B · 10,387
- Ochsner Clinic Foundation 401(k) Plan (LA) $2.3B · 31,221
- The Kroger Co. Savings Plan (OH) $2.3B · 236,780
- Kirkland & Ellis LLP Defined Contribution 401(k) Savings Plan (IL) $2.3B · 5,122
Frequently Asked Questions
How did Novo Nordisk Inc. 401(k) Savings Plan assets move in 2023? ▼
How have Novo Nordisk Inc. plan assets changed over time? ▼
Where does Novo Nordisk Inc. 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
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Next read for Novo Nordisk Inc. 401(k) Savings Plan
Filing takeaways
Ways to act on Novo Nordisk Inc. 401(k) Savings Plan's numbers.
- By total assets, Novo Nordisk Inc. 401(k) Savings Plan 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 New Jersey. Compare plans
- Novo Nordisk Inc.'s sponsor-wide assets have grown 47.0% since 2022 across 3 plan years on file. More Manufacturing plans