401(k) · DOL Form 5500 · 2023

Bank of Nova Scotia 401(k) Plan

Data updated 2026-08-11

$410M
Total assets: 1,346
Participants: 97th
Percentile by assets: $304,598
Avg per participant

Official DOL plan name: Retirement Plan for Employees of Scotiabank U. S. 401(k) · Sponsored by Bank of Nova Scotia · · Finance & Insurance

$410M in assets, 1,346 participants

Bank of Nova Scotia's Retirement Plan for Employees of Scotiabank U. S. 401(k) reported $410M in total assets and 1,346 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

97th percentile by assets (of 127,072 plans)
#8,410 in Finance & Insurance (8,869 peers)

Where Retirement Plan for Employees of Scotiabank U. S. 401(k) sits by assets

Retirement Plan for Employees of Scotiabank U. S. 401(k) sits in the top 5% of all filed plans by assets, $410M for 1,346 participants (~$304,598/participant), up 16.2% in 2023.

$410M
total plan assets (2023 EOY): 1,346
covered participants: 97th
percentile by assets (of 127,072 plans): $304,598
avg assets per participant

Retirement Plan for Employees of Scotiabank U. S. 401(k) reported net income rose from -$81M in the plan year 2022 filing to $57M in the plan year 2023 filing.
Retirement Plan for Employees of Scotiabank U. S. 401(k) end-of-year assets rose from $353M in the plan year 2022 filing to $410M in the plan year 2023 filing.
Retirement Plan for Employees of Scotiabank U. S. 401(k) reported participants rose from 1,254 in the plan year 2022 filing to 1,346 in the plan year 2023 filing.

See the national 2022→2023 release diff →

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Finance & Insurance

Retirement Plan for Employees of Scotiabank U. S. 401(k) vs the 2023 asset distribution

By assets, Retirement Plan for Employees of Scotiabank U. S. 401(k) outranks 97% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 4.1x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$353M
Net Assets (End of Year)	$410M
Net Income	$57M
Employer EIN	134941099
Plan Effective Date	1988-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Bank of Nova Scotia)

Total plan assets by year, all Bank of Nova Scotia plans on file

Year	Plans	Participants	Total Assets
2022	2	1,418	$454M
2023	2	1,493	$523M
2024	2	1,551	$610M

Nearby 401(k) Plans in

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Retirement Plan for Employees of Scotiabank U. S. 401(k) vs. nearby 401(k) plans in , assets vs. participants

The Magna Group of Companies Retirement Savings Plans $2.4B · 24,720
Transcanada 401(k) and Savings Plan $996M · 3,116
Four Seasons Hotels Retirement Benefit Plan $863M · 15,652
Transocean U.S. Savings Plan $747M · 2,090
Domtar US Salaried 401(k) Plan $620M · 1,608

Compare Retirement Plan for Employees of Scotiab… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Retirement Plan for Employees of Scotiabank U. S. 401(k) by total assets, not by location.

Boardwalk Pipeline Partners, LP Savings Plan (KY) $410M · 1,219
Great River Energy 401(k) Retirement Plan (MN) $410M · 596
Wellmark, Inc. Savings and Investment Plan (IA) $410M · 1,868
Bright Horizons 401(k) Plan (MA) $410M · 15,998

Frequently Asked Questions

How did Retirement Plan for Employees of Scotiabank U. S. 401(k) assets move in 2023? ▼

Retirement Plan for Employees of Scotiabank U. S. 401(k) grew sharply - up 16.2% during 2023, from $353M to $410M. Reported net income was $57M.

How have Bank of Nova Scotia plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Bank of Nova Scotia's sponsor-wide assets grew 34.4%, from $454M to $610M.

Where does Retirement Plan for Employees of Scotiabank U. S. 401(k) rank by assets among Form 5500 filers? ▼

Retirement Plan for Employees of Scotiabank U. S. 401(k) ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).

Which 401(k) plans are similar in size to Retirement Plan for Employees of Scotiabank U. S. 401(k)? ▼

Among 401(k) plans in other states, the closest by assets is Boardwalk Pipeline Partners, LP Savings Plan in KY ($410M, 1,219 participants).

Next read for Retirement Plan for Employees of Scotiab…

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Scale reading

Ways to act on Retirement Plan for Employees of Scotiabank U. S. 401(k)'s numbers.

By total assets, Retirement Plan for Employees of Scotiabank U. S. 401(k) ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in . Compare plans
Bank of Nova Scotia's sponsor-wide assets have grown 34.4% since 2022 across 3 plan years on file. More Finance & Insurance plans

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 134941099.