401(k) · DOL Form 5500 · 2023
Novo Nordisk Inc. 401(k) Plan
Data updated 2026-08-25
- $2.3B
- Total assets Very large vs avg
- 6,993
- Participants Above avg headcount
- 99th
- Percentile by assets National rank
- $329,372
- Avg per participant High balance/head
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.
- #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.
- #18,509
- in Manufacturing (18,722 peers)
- +30.2%
- assets growth YoY
- 23×
- vs typical plan assets (national mean)
Novo Nordisk Inc. 401(k) Savings Plan's outsized position by total assets
Novo Nordisk Inc. 401(k) Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$2,303,296,181 Top 1% higher than 99% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Novo Nordisk Inc. 401(k) Savings Plan's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Novo Nordisk Inc. 401(k) Savings Plan lands in the large band (6,993 participants).
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.
Plan-year Form 5500 strip
Filing strip 061061602 · Novo Nordisk Inc. PY 2023 · 401(k)
Novo Nordisk Inc. 401(k) Savings Plan · $2.3B · 6,993 · 99th
- EIN $2.3B
- RANK 6,993
- PHOTO 99th
- IND 401(k)
- EOY near The Goodyear Tire & Rubber Company Employee Savings Plan for Salaried Employees
- 5500 ind #18509
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 New Jersey →
Novo Nordisk Inc. 401(k) Savings Plan in the asset neighbourhood
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.)
Sponsor-wide plan assets over time
All Novo Nordisk Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $3.8B 47.0323133363728% vs 2022
- 2024 filing year
| 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.
- 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)
Novo Nordisk Inc. 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside New Jersey, the nearest 401(k) by assets is The Goodyear Tire & Rubber Company Employee Savings Plan for Salaried Employees in OH ($2.3B); by covered participants it is Grand Canyon University Employees 401(k) Plan in AZ (6,994 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.3B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (6,993 participants); asset peers above are excluded.
- Grand Canyon University Employees 401(k) Plan (AZ) 6,994 · 1 off
- Hsbc - North America (U. S.) Tax Reduction Investment Plan (IL) 6,992 · 1 off
- Transamerica 401(k) Retirement Savings Plan (IA) 6,999 · 6 off
- Chenega Corporation 401(k) Profit Sharing Plan and Trust (AK) 6,984 · 9 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.