401(k) · DOL Form 5500 · 2023
Novelis Corp. 401(k) Plan
Data updated 2026-08-11
- $1.3B
- Total assets
- 5,439
- Participants
- 99th
- Percentile by assets
- $242,630
- Avg per participant
Official DOL plan name: Novelis Savings and Retirement Plan · Sponsored by Novelis Corp. · Georgia · Manufacturing
$1.3B in assets, 5,439 participants
Novelis Corp.'s Novelis Savings and Retirement Plan reported $1.3B in total assets and 5,439 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 127,072 plans)
- #18,359 in Manufacturing (18,722 peers)
Coverage in Georgia
Novelis Savings and Retirement Plan covers 5,439 participants in Georgia, 5.0x the typical Georgia plan (state average ~1,096 per filing). Assets: $1.3B.
- $1.3B
- total plan assets (2023 EOY)
- 5,439
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $242,630
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Novelis Savings and Retirement Plan reported net income rose from -$151M in the plan year 2022 filing to $212M in the plan year 2023 filing.
- Novelis Savings and Retirement Plan end-of-year assets rose from $1.1B in the plan year 2022 filing to $1.3B in the plan year 2023 filing.
- Novelis Savings and Retirement Plan reported participants rose from 5,007 in the plan year 2022 filing to 5,439 in the plan year 2023 filing.
Participants vs Georgia filers
In Georgia, the average filing covers about 1,096 participants across 3,635 plans. Novelis Savings and Retirement Plan reports 5,439 participants - 5.0x that state average ($1.3B EOY assets).
Georgia filing particulars
| Total Assets (Beginning of Year) | $1.1B |
|---|---|
| Net Assets (End of Year) | $1.3B |
| Net Income | $212M |
| Employer EIN | 412098321 |
| Plan Effective Date | 2005-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Novelis Corp.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 5,607 | $1.6B |
| 2023 | 5 | 5,993 | $1.8B |
| 2024 | 5 | 6,001 | $1.9B |
Nearby 401(k) Plans in Georgia
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Novelis Savings and Retirement Plan vs. nearby 401(k) plans in Georgia, assets vs. participants
- The Teamster - UPS National 401(k) Tax Deferred Savings Plan $17.2B · 510,511
- Delta 401(k) Retirement Plan $16.2B · 83,136
- Delta 401(k) Retirement Plan for Pilots $13.7B · 13,283
- UPS 401(k) Savings Plan $13.1B · 102,231
- The Home Depot Futurebuilder $12.6B · 413,365
Scale composition for Novelis Savings and Retirement Plan
Novelis Savings and Retirement Plan reports $1.3B in end-of-year assets across 5,439 participants (0.011% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $242,630 per participant (1.8x the national average assets-per-participant) . Net income for plan year 2023 was $212M.
This plan identity (EIN 412098321, plan #034) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.1B to $1.5B (+34.7%) while covered participants moved from 5,007 to 5,512 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,007 | $1.1B | Open filing |
| 2023 | 5,439 | $1.3B | This page |
| 2024 · index core | 5,512 | $1.5B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Novelis Savings and Retirement Plan (401(k), $1.5B, 5,512 participants)
- Novelis Pension Plan (Defined Benefit (Pension), $378M, 302 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Novelis Savings and Retirement Plan by total assets, not by location.
- Hub International Limited 401(k) Savings Plan (IL) $1.3B · 11,255
- Wabtec Savings Plan (PA) $1.3B · 11,141
- Clayton Homes, Inc. 401(k) Retirement Plan (TN) $1.3B · 19,824
- Alliant Energy Corporation 401(k) Savings Plan (WI) $1.3B · 3,101
Frequently Asked Questions
How did Novelis Savings and Retirement Plan assets move in 2023? ▼
How have Novelis Corp. plan assets changed over time? ▼
Where does Novelis Savings and Retirement Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Novelis Savings and Retirement Plan? ▼
Next read for Novelis Savings and Retirement Plan
Filing takeaways
Ways to act on Novelis Savings and Retirement Plan's numbers.
- By total assets, Novelis Savings and Retirement Plan 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 Georgia. Compare plans
- Novelis Corp.'s sponsor-wide assets have grown 24.0% since 2022 across 3 plan years on file. More Manufacturing plans