401(k) · DOL Form 5500 · 2023

Novant Health, Inc. 401(k) Plan

Data updated 2026-08-25

$1.5B
Total assets Very large vs avg
36,063
Participants Very large workforce
99th
Percentile by assets National rank
$41,694
Avg per participant Low balance/head
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Official DOL plan name: Savings and Supplemental Retirement Plan of Novant Health, Inc. · Sponsored by Novant Health, Inc. · North Carolina · Healthcare & Social Assistance

$1.5B in assets, 36,063 participants

Novant Health, Inc.'s Savings and Supplemental Retirement Plan of Novant Health, Inc. reported $1.5B in total assets and 36,063 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.

  • #17,553 in Healthcare & Social Assistance (17,684 peers)

Coverage in North Carolina

Savings and Supplemental Retirement Plan of Novant Health, Inc. covers 36,063 participants in North Carolina, 44x the typical North Carolina plan (state average ~819 per filing). Assets: $1.5B.

#17,553
in Healthcare & Social Assistance (17,684 peers)
+17.9%
assets growth YoY
15×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$1,503,623,633 Top 1% higher than 99% of 127,068 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 2023

Savings and Supplemental Retirement Plan of Novant Health, Inc.'s mega-plan peer group by participant headcount

Plan-year 2023 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 (36,063 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Savings and Supplemental Retirement Plan of Novant Health, Inc. reported net income rose from -$229M in the plan year 2022 filing to $228M in the plan year 2023 filing.
  • Savings and Supplemental Retirement Plan of Novant Health, Inc. reported participants rose from 29,747 in the plan year 2022 filing to 36,063 in the plan year 2023 filing.
  • Savings and Supplemental Retirement Plan of Novant Health, Inc. end-of-year assets rose from $1.3B in the plan year 2022 filing to $1.5B in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 561376950 · Novant Health, Inc. PY 2023 · 401(k)

Savings and Supplemental Retirement Plan of Novant Health, Inc. · $1.5B · 36,063 · 99th

  • RANK $1.5B
  • PHOTO 36,063
  • IND 99th
  • EOY 401(k)
  • 5500 near The Mathworks 401(k) Retirement Plan
  • ASSETS ind #17553

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

Cleveland-Cliffs Steel LLC Hourly 401(k) PlanCleveland-Cliffs Steel LLC H…$1.5BSavings and Supplemental Retirement Plan of Novant Health, Inc.Savings and Supplemental Ret…$1.5BThe Mathworks 401(k) Retirement PlanThe Mathworks 401(k) Retirem…$1.5BCovington & Burling Retirement Savings PlanCovington & Burling Retireme…$1.5BBrown & Brown, Inc Employee Savings PlanBrown & Brown, Inc Employee …$1.5B
End-of-year total assets ($B) among Savings and Supplemental Retirement Plan of Novant Health, Inc. and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$1.3B
Net Assets (End of Year)$1.5B
Net Income$228M
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. 050000100000150000200000 -200204060 Total assets ($B) Participants Savings and Supplemental Retirement Plan of Novant Health, Inc., Total assets ($B): 1.503623633 · Participants: 36063Savings and Supplemental Retirement Plan of Novant Health, Inc.The Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings 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 $1.5B in end-of-year assets across 36,063 participants (0.012% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.038% of 93,925,755 covered participants) - about $41,694 per participant (30% of the national average assets-per-participant) . Net income for plan year 2023 was $228M.

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 Open filing
2023 36,063 $1.5B This page
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 The Mathworks 401(k) Retirement Plan in MA ($1.5B); by covered participants it is 3M Voluntary Investment Plan and Employee Stock Ownership Plan in MN (36,049 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.5B here).

Similar participant headcount

Nearest other-state filings by covered participants (36,063 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Savings and Supplemental Retirement Plan of Novant Health, Inc. grew sharply - up 17.9% during 2023, from $1.3B to $1.5B. Reported net income was $228M.
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 127,072 plans that reported assets for plan year 2023 (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 The Mathworks 401(k) Retirement Plan in MA ($1.5B, 3,648 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 3M Voluntary Investment Plan and Employee Stock Ownership Plan in MN (36,049 participants, $12.0B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.