Defined Benefit (Pension) · DOL Form 5500 · 2023

Novelis Corporation Pension Plan

Data updated 2026-08-25

$25M
Total assets Below avg plan size
79
Participants Small participant base
77th
Percentile by assets National rank
$318,255
Avg per participant High balance/head
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Official DOL plan name: Novelis Fairmont Hourly Pension Plan · Sponsored by Novelis Corporation · Georgia · Manufacturing

$25M in assets, 79 participants

Novelis Corporation's Novelis Fairmont Hourly Pension Plan reported $25M in total assets and 79 participants in its 2023 DOL Form 5500 filing, ranking in the 77th 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.

  • #12,644 in Manufacturing (18,722 peers)

Where Novelis Fairmont Hourly Pension Plan sits by assets

Novelis Fairmont Hourly Pension Plan sits in the top quartile of all filed plans by assets, $25M for 79 participants (~$318,255/participant), up 2.7% in 2023.

#12,644
in Manufacturing (18,722 peers)
+2.7%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Novelis Fairmont Hourly Pension Plan's outsized position by total assets

Novelis Fairmont Hourly Pension Plan vs every filed plan by assets

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

$25,142,163 Top 23% higher than 77% 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

Novelis Fairmont Hourly Pension Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Novelis Fairmont Hourly Pension Plan is a small filing (79 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Novelis Fairmont Hourly Pension Plan reported net income rose from -$9M in the plan year 2022 filing to $671K in the plan year 2023 filing.
  • Novelis Fairmont Hourly Pension Plan end-of-year assets rose from $24M in the plan year 2022 filing to $25M in the plan year 2023 filing.
  • Novelis Fairmont Hourly Pension Plan reported participants fell from 80 in the plan year 2022 filing to 79 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 412098321 · Novelis Corporation PY 2023 · Defined Benefit (Pension)

Novelis Fairmont Hourly Pension Plan · $25M · 79 · 77th

  • PHOTO $25M
  • IND 79
  • EOY 77th
  • 5500 Defined Benefit (Pension)
  • ASSETS near The Hamilton Beach Brands, Inc. Pension Plan
  • PCT ind #12644

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 Georgia →

Novelis Fairmont Hourly Pension Plan in the asset neighbourhood

Gcc Dacotah, Inc. Defined Benefit Pension PlanGcc Dacotah, Inc. Defined Be…$25MBricklayers & Allied Craftworkers Local No 3 Ny Niagara Falls-Buffalo Chapter Pension PlanBricklayers & Allied Craftwo…$25MThe Hamilton Beach Brands, Inc. Pension PlanThe Hamilton Beach Brands, I…$25MNovelis Fairmont Hourly Pension PlanNovelis Fairmont Hourly Pens…$25MTaylor Morrison Cash Balance Pension PlanTaylor Morrison Cash Balance…$25M
End-of-year total assets ($M) among Novelis Fairmont Hourly Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$24M
Net Assets (End of Year)$25M
Net Income$671K
Employer EIN412098321
Plan Effective Date1950-12-21
Filing StatusFILING RECEIVED

Sponsor Plan History (Novelis Corporation)

Sponsor-wide plan assets over time

All Novelis Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$1.9B 24.015846012476104% vs 2022
2024 filing year
$1.4B$1.6B$1.8B$2B 202220232024 $1.56B $1.94B ▲ +24.4%
Year Plans Participants Total Assets
2022 5 5,607 $1.6B
2023 5 5,993 $1.8B
2024 5 6,001 $1.9B

Nearby Defined Benefit (Pension) Plans in Georgia

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

Novelis Fairmont Hourly Pension Plan vs. nearby Defined Benefit (Pension) plans in Georgia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -505101520 Total assets ($B) Participants Novelis Fairmont Hourly Pension Plan, Total assets ($B): 0.025142163 · Participants: 79Novelis Fairmont Hourly Pension PlanThe Southern Company Pension Plan, Total assets ($B): 15.596954837 · Participants: 25241The Southern Company Pension PlanUPS/Ibt Full-Time Employee Pension Plan, Total assets ($B): 12.285105757 · Participants: 70241UPS/Ibt Full-Time Employee Pension PlanUPS Pension Plan, Total assets ($B): 9.733665646 · Participants: 153217UPS Pension PlanCox Enterprises, Inc. Pension Plan, Total assets ($B): 7.396009274 · Participants: 24023Cox Enterprises, Inc. Pension PlanDelta Retirement Plan, Total assets ($B): 7.309889555 · Participants: 15601Delta Retirement Plan
Novelis Fairmont Hourly Pension Plan vs. nearby Defined Benefit (Pension) plans in Georgia, assets vs. participants
Compare Novelis Fairmont Hourly Pension Plan side-by-side with 3 peers →

Novelis Fairmont Hourly Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Georgia, the nearest Defined Benefit (Pension) by assets is The Hamilton Beach Brands, Inc. Pension Plan in VA ($25M); by covered participants it is The Pension Plan for the Mott Children's Health Center in MI (79 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (79 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 Novelis Fairmont Hourly Pension Plan assets move in 2023? ▼
Novelis Fairmont Hourly Pension Plan edged up modestly - up 2.7% during 2023, from $24M to $25M. Reported net income was $671K.
How have Novelis Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Novelis Corporation's sponsor-wide assets grew 24.0%, from $1.6B to $1.9B.
Where does Novelis Fairmont Hourly Pension Plan rank by assets among Form 5500 filers? ▼
Novelis Fairmont Hourly Pension Plan ranks in the 77th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Novelis Fairmont Hourly Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Hamilton Beach Brands, Inc. Pension Plan in VA ($25M, 42 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Novelis Fairmont Hourly Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is The Pension Plan for the Mott Children's Health Center in MI (79 participants, $34M 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 412098321.

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.