Profit Sharing · DOL Form 5500 · 2023

Novant Health, Inc. Profit Sharing Plan

Data updated 2026-08-25

$2.2B
Total assets Very large vs avg
36,057
Participants Very large workforce
99th
Percentile by assets National rank
$61,942
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Tax Deferred Savings Plan of Novant Health, Inc. · Sponsored by Novant Health, Inc. · North Carolina · Healthcare & Social Assistance

$2.2B in assets, 36,057 participants

Novant Health, Inc.'s Tax Deferred Savings Plan of Novant Health, Inc. reported $2.2B in total assets and 36,057 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.

  • #17,596 in Healthcare & Social Assistance (17,684 peers)

Coverage in North Carolina

Tax Deferred Savings Plan of Novant Health, Inc. covers 36,057 participants in North Carolina, 44x the typical North Carolina plan (state average ~819 per filing). Assets: $2.2B.

#17,596
in Healthcare & Social Assistance (17,684 peers)
+19.4%
assets growth YoY
22×
vs typical plan assets (national mean)

Tax Deferred Savings Plan of Novant Health, Inc.'s outsized position by total assets

Tax Deferred Savings Plan of Novant Health, Inc. vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$2,233,437,356 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

Tax Deferred Savings 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. Tax Deferred Savings Plan of Novant Health, Inc. is a mega filing (36,057 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Tax Deferred Savings Plan of Novant Health, Inc. reported net income rose from -$321M in the plan year 2022 filing to $363M in the plan year 2023 filing.
  • Tax Deferred Savings Plan of Novant Health, Inc. reported participants rose from 29,251 in the plan year 2022 filing to 36,057 in the plan year 2023 filing.
  • Tax Deferred Savings Plan of Novant Health, Inc. end-of-year assets rose from $1.9B in the plan year 2022 filing to $2.2B 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 · Profit Sharing

Tax Deferred Savings Plan of Novant Health, Inc. · $2.2B · 36,057 · 99th

  • IND $2.2B
  • EOY 36,057
  • 5500 99th
  • ASSETS Profit Sharing
  • PCT near Annuity Plan of the Electrical Industry
  • EIN ind #17596

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 →

Tax Deferred Savings Plan of Novant Health, Inc. in the asset neighbourhood

Emory Healthcare, Inc. Retirement Savings and Matching PlanEmory Healthcare, Inc. Retir…$2.4BUniversity of Notre Dame 403(b) Retirement PlanUniversity of Notre Dame 403…$2.4BTax Deferred Savings Plan of Novant Health, Inc.Tax Deferred Savings Plan of…$2.2BAnnuity Plan of the Electrical IndustryAnnuity Plan of the Electric…$2.2BEastern Atlantic States Carpenters Annuity FundEastern Atlantic States Carp…$2.1B
End-of-year total assets ($B) among Tax Deferred Savings Plan of Novant Health, Inc. and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$1.9B
Net Assets (End of Year)$2.2B
Net Income$363M
Employer EIN561376950
Plan Effective Date1993-01-01
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 Profit Sharing Plans in North Carolina

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Tax Deferred Savings Plan of Novant Health, Inc. vs. nearby Profit Sharing plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -0.500.511.522.5 Total assets ($B) Participants Tax Deferred Savings Plan of Novant Health, Inc., Total assets ($B): 2.233437356 · Participants: 36057Tax Deferred Savings Plan of Novant Health, Inc.Charter Communications, Inc. Retirement Accumulation Plan, Total assets ($B): 1.269819278 · Participants: 96058Charter Communications, Inc. Retirement Accumulation PlanFirsthealth of the Carolinas, Inc. Retirement Growth Plan, Total assets ($B): 0.108343803 · Participants: 5519Firsthealth of the Carolinas, Inc. Retirement Growth PlanBaker & Taylor Retirement Savings Plan, Total assets ($B): 0.06687568 · Participants: 1361Baker & Taylor Retirement Savings PlanIntermec Fssp Spinoff Plan, Total assets ($B): 0.050896422 · Participants: 74Intermec Fssp Spinoff PlanWhap PA Profit Sharing Plan, Total assets ($B): 0.045346505 · Participants: 0Whap PA Profit Sharing Plan
Tax Deferred Savings Plan of Novant Health, Inc. vs. nearby Profit Sharing plans in North Carolina, assets vs. participants
Compare Tax Deferred Savings Plan of Novant Health, Inc. side-by-side with 3 peers →

Scale composition for Tax Deferred Savings Plan of Novant Health, Inc.

Tax Deferred Savings Plan of Novant Health, Inc. reports $2.2B in end-of-year assets across 36,057 participants (0.018% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.038% of 93,925,755 covered participants) - about $61,942 per participant (45% of the national average assets-per-participant) . Net income for plan year 2023 was $363M.

This plan identity (EIN 561376950, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.9B to $2.5B (+36.0%) while covered participants moved from 29,251 to 38,137 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 29,251 $1.9B Open filing
2023 36,057 $2.2B This page
2024 · index core 38,137 $2.5B Open filing

The same sponsor also keeps 2 other index-core plans on PlainRetire:

Tax Deferred Savings Plan of Novant Health, Inc.'s out-of-state Profit Sharing peers by assets and headcount

Outside North Carolina, the nearest Profit Sharing by assets is Annuity Plan of the Electrical Industry in NY ($2.2B); by covered participants it is Disney Retirement Savings Plan in CA (37,110 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (36,057 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 Tax Deferred Savings Plan of Novant Health, Inc. assets move in 2023? ▼
Tax Deferred Savings Plan of Novant Health, Inc. grew sharply - up 19.4% during 2023, from $1.9B to $2.2B. Reported net income was $363M.
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 Tax Deferred Savings Plan of Novant Health, Inc. rank by assets among Form 5500 filers? ▼
Tax Deferred Savings 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 Profit Sharing plans are similar in size to Tax Deferred Savings Plan of Novant Health, Inc.? ▼
Among Profit Sharing plans in other states, the closest by assets is Annuity Plan of the Electrical Industry in NY ($2.2B, 18,907 participants).
Which Profit Sharing plans cover a similar participant headcount to Tax Deferred Savings Plan of Novant Health, Inc.? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Disney Retirement Savings Plan in CA (37,110 participants, $1.1B 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.