401(k) · DOL Form 5500 · 2023

Novanta Corporation 401(k) Plan

Data updated 2026-08-25

$162M
Total assets Near avg plan size
945
Participants Near avg headcount
94th
Percentile by assets National rank
$171,232
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#16,972
in Manufacturing (18,722 peers)
+16.4%
assets growth YoY
1.6×
vs typical plan assets (national mean)

Novanta Corporation 401(k) Plan's outsized position by total assets

Novanta Corporation 401(k) Plan vs every filed plan by assets

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

$161,814,113 Top 6% higher than 94% 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

Novanta Corporation 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Novanta Corporation 401(k) Plan sits mid-pack in the medium band (945 participants).

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.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 381859358 · Novanta Corporation PY 2023 · 401(k)

Novanta Corporation 401(k) Plan · $162M · 945 · 94th

  • EOY $162M
  • 5500 945
  • ASSETS 94th
  • PCT 401(k)
  • EIN near Orano USA 401(k) Retirement Plan
  • RANK ind #16972

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 Massachusetts →

Novanta Corporation 401(k) Plan in the asset neighbourhood

Qad Inc. 401(k) Retirement PlanQad Inc. 401(k) Retirement P…$162MOrano USA 401(k) Retirement PlanOrano USA 401(k) Retirement …$162MNovanta Corporation 401(k) PlanNovanta Corporation 401(k) P…$162MPediatric Subspecialty Faculty, Inc. 401(k) Profit Sharing PlanPediatric Subspecialty Facul…$162MCentral Florida Investments, Inc. 401(k) Savings and Retirement PlanCentral Florida Investments,…$162M
End-of-year total assets ($M) among Novanta Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$139M
Net Assets (End of Year)$162M
Net Income$23M
Employer EIN381859358
Plan Effective Date1984-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Novanta Corporation)

Sponsor-wide plan assets over time

All Novanta Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$271M 28.407396911299% vs 2022
2024 filing year
$200M$220M$240M$260M$280M 202220232024 $211M $271M ▲ +28.4%
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 Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Novanta Corporation 401(k) Plan, Total assets ($B): 0.161814113 · Participants: 945Novanta Corporation 401(k) PlanFidelity Retirement Savings Plan, Total assets ($B): 28.649852331 · Participants: 62289Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 10.556596852 · Participants: 37052Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 6.829912863 · Participants: 14094Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 5.786107181 · Participants: 19881Boston Scientific Corporation 401(k) Retirement Savings PlanPhilips North America 401(k) Plan, Total assets ($B): 5.779286156 · Participants: 19120Philips North America 401(k) Plan
Novanta Corporation 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Novanta Corporation 401(k) Plan side-by-side with 3 peers →

Novanta Corporation 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Orano USA 401(k) Retirement Plan in VA ($162M); by covered participants it is Basic Retirement Savings Plan in CA (945 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (945 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 Novanta Corporation 401(k) Plan assets move in 2023? ▼
Novanta Corporation 401(k) Plan grew sharply - up 16.4% during 2023, from $139M to $162M. Reported net income was $23M.
How have Novanta Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Novanta Corporation's sponsor-wide assets grew 28.4%, from $211M to $271M.
Where does Novanta Corporation 401(k) Plan rank by assets among Form 5500 filers? ▼
Novanta Corporation 401(k) Plan ranks in the 94th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Novanta Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Orano USA 401(k) Retirement Plan in VA ($162M, 408 participants).
Which 401(k) plans cover a similar participant headcount to Novanta Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Basic Retirement Savings Plan in CA (945 participants, $155M 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 381859358.

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.