Defined Benefit (Pension) · DOL Form 5500 · 2023

The Bank of Nova Scotia Pension Plan

Data updated 2026-08-25

$113M
Total assets Near avg plan size
147
Participants Small participant base
92nd
Percentile by assets National rank
$766,631
Avg per participant High balance/head
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Official DOL plan name: Scotiabank Pension Plan (United States) · Sponsored by The Bank of Nova Scotia · · Finance & Insurance

$113M in assets, 147 participants

The Bank of Nova Scotia's Scotiabank Pension Plan (United States) reported $113M in total assets and 147 participants in its 2023 DOL Form 5500 filing, ranking in the 92nd 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.

  • #7,789 in Finance & Insurance (8,869 peers)

Where Scotiabank Pension Plan (United States) sits by assets

Scotiabank Pension Plan (United States) sits in the top 10% of all filed plans by assets, $113M for 147 participants (~$766,631/participant), up 11.6% in 2023.

#7,789
in Finance & Insurance (8,869 peers)
+11.6%
assets growth YoY
1.1×
vs typical plan assets (national mean)

Scotiabank Pension Plan (United States)'s outsized position by total assets

Scotiabank Pension Plan (United States) vs every filed plan by assets

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

$112,694,764 Top 8% higher than 92% 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

Scotiabank Pension Plan (United States) 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. Scotiabank Pension Plan (United States) sits mid-pack in the medium band (147 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Scotiabank Pension Plan (United States) reported net income rose from -$10M in the plan year 2022 filing to $12M in the plan year 2023 filing.
  • Scotiabank Pension Plan (United States) end-of-year assets rose from $101M in the plan year 2022 filing to $113M in the plan year 2023 filing.
  • Scotiabank Pension Plan (United States) reported participants fell from 164 in the plan year 2022 filing to 147 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 134941099 · The Bank of Nova Scotia PY 2023 · Defined Benefit (Pension)

Scotiabank Pension Plan (United States) · $113M · 147 · 92nd

  • PCT $113M
  • PCT 147
  • PCT 92nd
  • PCT Defined Benefit (Pension)
  • PCT near Laborers Local 231 Pension Plan
  • PCT ind #7789

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 Finance & Insurance retirement plans →

Scotiabank Pension Plan (United States) in the asset neighbourhood

Zoological Society of San Diego Restated Pension Plan for Non-Union EmployeesZoological Society of San Di…$113MScotiabank Pension Plan (United States)Scotiabank Pension Plan (Uni…$113MLaborers Local 231 Pension PlanLaborers Local 231 Pension P…$113MRetirement Plan for Employees of Carmeuse Lime, Inc. and SubsidiariesRetirement Plan for Employee…$113MPension Plan for the Employees of Caromont HealthPension Plan for the Employe…$113M
End-of-year total assets ($M) among Scotiabank Pension Plan (United States) and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$101M
Net Assets (End of Year)$113M
Net Income$12M
Employer EIN134941099
Plan Effective Date1974-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Bank of Nova Scotia)

Sponsor-wide plan assets over time

All The Bank of Nova Scotia plans reported in each filing year

Latest sponsor-wide plan assets
$610M 34.38940493999789% vs 2022
2024 filing year
$400M$450M$500M$550M$600M$650M 202220232024 $454M $610M ▲ +34.4%
Year Plans Participants Total Assets
2022 2 1,418 $454M
2023 2 1,493 $523M
2024 2 1,551 $610M

Nearby Defined Benefit (Pension) Plans in

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Scotiabank Pension Plan (United States) vs. nearby Defined Benefit (Pension) plans in , assets vs. participants Scatter plot of 6 data points. 050010001500 00.511.5 Total assets ($B) Participants Scotiabank Pension Plan (United States), Total assets ($B): 0.112694764 · Participants: 147Scotiabank Pension Plan (United States)Transocean U.S. Retirement Plan, Total assets ($B): 1.199221958 · Participants: 992Transocean U.S. Retirement PlanResolute Fp US Pension Plan, Total assets ($B): 0.561931939 · Participants: 276Resolute Fp US Pension PlanRetirement Plan for Employees of Learjet Inc., Bombardier Aerospace Corporation and Affiliates, Total assets ($B): 0.488864957 · Participants: 982Retirement Plan for Employees of Learjet Inc., Bombardier Aerospace Corporation and AffiliatesMagna U.S. Consolidated Pension Plan, Total assets ($B): 0.161893826 · Participants: 472Magna U.S. Consolidated Pension PlanDomtar US Hourly Pension Plan, Total assets ($B): 0.149441025 · Participants: 1324Domtar US Hourly Pension Plan
Scotiabank Pension Plan (United States) vs. nearby Defined Benefit (Pension) plans in , assets vs. participants
Compare Scotiabank Pension Plan (United States) side-by-side with 3 peers →

Scotiabank Pension Plan (United States)'s out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside this state, the nearest Defined Benefit (Pension) by assets is Laborers Local 231 Pension Plan in IL ($113M); by covered participants it is Estwing Manufacturing Company, Inc. Pension Plan in IL (147 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (147 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 Scotiabank Pension Plan (United States) assets move in 2023? ▼
Scotiabank Pension Plan (United States) grew at a solid clip - up 11.6% during 2023, from $101M to $113M. Reported net income was $12M.
How have The Bank of Nova Scotia plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Bank of Nova Scotia's sponsor-wide assets grew 34.4%, from $454M to $610M.
Where does Scotiabank Pension Plan (United States) rank by assets among Form 5500 filers? ▼
Scotiabank Pension Plan (United States) ranks in the 92nd 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 Defined Benefit (Pension) plans are similar in size to Scotiabank Pension Plan (United States)? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Laborers Local 231 Pension Plan in IL ($113M, 426 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Scotiabank Pension Plan (United States)? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Estwing Manufacturing Company, Inc. Pension Plan in IL (147 participants, $11M 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 134941099.

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.