401(k) · DOL Form 5500 · 2023
Novant Health, Inc. 401(k) Plan
Data updated 2026-08-06
- $1.5B
- Total assets
- 36,063
- Participants
- 99th
- Percentile by assets
- $41,694
- Avg per participant
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.
- 99th percentile by assets (of 126,618 plans)
- #17,495 in Healthcare & Social Assistance (17,626 peers)
Coverage in North Carolina
Savings and Supplemental Retirement Plan of Novant Health, Inc. covers 36,063 participants in North Carolina, 43x the typical North Carolina plan (state average ~846 per filing). Assets: $1.5B.
- $1.5B
- total plan assets (2023 EOY)
- 36,063
- covered participants
- 99th
- percentile by assets (of 126,618 plans)
- $41,694
- avg assets per participant
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.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 846 participants across 3,325 plans. Savings and Supplemental Retirement Plan of Novant Health, Inc. reports 36,063 participants - 43x that state average ($1.5B EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $1.3B |
|---|---|
| Net Assets (End of Year) | $1.5B |
| Net Income | $228M |
| Employer EIN | 561376950 |
| Plan Effective Date | 1983-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Novant Health, Inc.)
| 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
- The Bank of America 401(k) Plan $54.8B · 173,899
- Honeywell 401(k) Plan $15.4B · 40,004
- Duke Energy Retirement Savings Plan $10.4B · 28,121
- Truist Financial Corporation 401(k) Savings Plan $10.1B · 55,480
- Nucor Corporation Profit Sharing and Retirement Savings Plan $8.5B · 24,174
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 (0.013% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.040% of 89,805,449 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:
- Tax Deferred Savings Plan of Novant Health, Inc. (Profit Sharing, $2.5B, 38,137 participants)
- Savings and Supplemental Retirement Plan of Novant Health, Inc. (401(k), $1.7B, 38,190 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Savings and Supplemental Retirement Plan of Novant Health, Inc. by total assets, not by location.
- The Mathworks 401(k) Retirement Plan (MA) $1.5B · 3,648
- Cleveland-Cliffs Steel LLC Hourly 401(k) Plan (IL) $1.5B · 13,113
- Covington & Burling Retirement Savings Plan (DC) $1.5B · 2,056
- Brown & Brown, Inc Employee Savings Plan (FL) $1.5B · 11,978
Frequently Asked Questions
How did Savings and Supplemental Retirement Plan of Novant Health, Inc. assets move in 2023? ▼
How have Novant Health, Inc. plan assets changed over time? ▼
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Next read for Savings and Supplemental Retirement Plan…
Filing takeaways
Ways to act on Savings and Supplemental Retirement Plan of Novant Health, Inc.'s numbers.
- By total assets, Savings and Supplemental Retirement Plan of Novant Health, Inc. 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 North Carolina. Compare plans
- Novant Health, Inc.'s sponsor-wide assets have grown 36.9% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans