401(k) · DOL Form 5500 · 2023
Novanta Corporation 401(k) Plan
Data updated 2026-08-11
- $162M
- Total assets
- 945
- Participants
- 94th
- Percentile by assets
- $171,232
- Avg per participant
Official DOL plan name: Novanta Corporation 401(k) Plan · Sponsored by Novanta Corporation · Massachusetts · Manufacturing
$162M in assets, 945 participants
Novanta Corporation's Novanta Corporation 401(k) Plan reported $162M in total assets and 945 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.
- 94th percentile by assets (of 127,072 plans)
- #16,972 in Manufacturing (18,722 peers)
Where Novanta Corporation 401(k) Plan sits by assets
Novanta Corporation 401(k) Plan sits in the top 10% of all filed plans by assets, $162M for 945 participants (~$171,232/participant), up 16.4% in 2023.
- $162M
- total plan assets (2023 EOY)
- 945
- covered participants
- 94th
- percentile by assets (of 127,072 plans)
- $171,232
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Novanta Corporation 401(k) Plan reported net income rose from -$24M in the plan year 2022 filing to $23M in the plan year 2023 filing.
- Novanta Corporation 401(k) Plan end-of-year assets rose from $139M in the plan year 2022 filing to $162M in the plan year 2023 filing.
- Novanta Corporation 401(k) Plan reported participants rose from 891 in the plan year 2022 filing to 945 in the plan year 2023 filing.
Novanta Corporation 401(k) Plan vs the 2023 asset distribution
By assets, Novanta Corporation 401(k) Plan outranks 94% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.6x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $139M |
|---|---|
| Net Assets (End of Year) | $162M |
| Net Income | $23M |
| Employer EIN | 381859358 |
| Plan Effective Date | 1984-03-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Novanta Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 1,236 | $211M |
| 2023 | 2 | 1,307 | $251M |
| 2024 | 2 | 1,186 | $271M |
Nearby 401(k) Plans in Massachusetts
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Novanta Corporation 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
- Fidelity Retirement Savings Plan $28.6B · 62,289
- Liberty Mutual 401(k) Plan $10.6B · 37,052
- Massachusetts Institute of Technology Supplemental 401(k) Plan $6.8B · 14,094
- Boston Scientific Corporation 401(k) Retirement Savings Plan $5.8B · 19,881
- Philips North America 401(k) Plan $5.8B · 19,120
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Novanta Corporation 401(k) Plan by total assets, not by location.
Frequently Asked Questions
How did Novanta Corporation 401(k) Plan assets move in 2023? ▼
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Next read for Novanta Corporation 401(k) Plan
Scale reading
Ways to act on Novanta Corporation 401(k) Plan's numbers.
- By total assets, Novanta Corporation 401(k) Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Massachusetts. Compare plans
- Novanta Corporation's sponsor-wide assets have grown 28.4% since 2022 across 3 plan years on file. More Manufacturing plans