Defined Benefit (Pension) · DOL Form 5500 · 2023

Novelis Corporation Pension Plan

Data updated 2026-08-25

$398M
Total assets Above avg plan size
348
Participants Below avg headcount
97th
Percentile by assets National rank
$1.1M
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Novelis Pension Plan · Sponsored by Novelis Corporation · Georgia · Manufacturing

$398M in assets, 348 participants

Novelis Corporation's Novelis Pension Plan reported $398M in total assets and 348 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.

  • #17,787 in Manufacturing (18,722 peers)

Coverage in Georgia

Novelis Pension Plan covers 348 participants in Georgia, about 32% of the average Georgia filer (state average ~1,096 per filing). Assets: $398M.

#17,787
in Manufacturing (18,722 peers)
+3.9%
assets growth YoY
4.0×
vs typical plan assets (national mean)

Novelis Pension Plan's outsized position by total assets

Novelis Pension Plan vs every filed plan by assets

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

$397,527,953 Top 3% higher than 97% 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 Pension 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. Novelis Pension Plan sits mid-pack in the medium band (348 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Novelis Pension Plan reported net income rose from -$143M in the plan year 2022 filing to $15M in the plan year 2023 filing.
  • Novelis Pension Plan reported participants fell from 390 in the plan year 2022 filing to 348 in the plan year 2023 filing.
  • Novelis Pension Plan end-of-year assets rose from $382M in the plan year 2022 filing to $398M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

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

Novelis Pension Plan · $398M · 348 · 97th

  • PCT $398M
  • EIN 348
  • RANK 97th
  • PHOTO Defined Benefit (Pension)
  • IND near Pension Plan for Hourly-Paid Employees of Continental Automotive Inc. & Certain Affiliated Companies
  • EOY ind #17787

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 Pension Plan in the asset neighbourhood

The Hospital for Special Surgery Retirement PlanThe Hospital for Special Sur…$400MIron Workers Local No. 5 & Iwea Employees Pension Trust FundIron Workers Local No. 5 & I…$400MIkon Office Solutions, Inc. Pension PlanIkon Office Solutions, Inc. …$399MPension Plan for Hourly-Paid Employees of Continental Automotive Inc. & Certain Affiliated CompaniesPension Plan for Hourly-Paid…$398MNovelis Pension Plan$398M
End-of-year total assets ($M) among Novelis Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Georgia filing particulars

Total Assets (Beginning of Year)$382M
Net Assets (End of Year)$398M
Net Income$15M
Employer EIN412098321
Plan Effective Date2006-01-01
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 Pension Plan vs. nearby Defined Benefit (Pension) plans in Georgia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -505101520 Total assets ($B) Participants Novelis Pension Plan, Total assets ($B): 0.397527953 · Participants: 348Novelis 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 Pension Plan vs. nearby Defined Benefit (Pension) plans in Georgia, assets vs. participants
Compare Novelis Pension Plan side-by-side with 3 peers →

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

Outside Georgia, the nearest Defined Benefit (Pension) by assets is Pension Plan for Hourly-Paid Employees of Continental Automotive Inc. & Certain Affiliated Companies in SC ($398M); by covered participants it is F.N.B. Corporation Retirement Income Plan in PA (348 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (348 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 Pension Plan assets move in 2023? ▼
Novelis Pension Plan edged up modestly - up 3.9% during 2023, from $382M to $398M. Reported net income was $15M.
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 Pension Plan rank by assets among Form 5500 filers? ▼
Novelis Pension Plan 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 Defined Benefit (Pension) plans are similar in size to Novelis Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Pension Plan for Hourly-Paid Employees of Continental Automotive Inc. & Certain Affiliated Companies in SC ($398M, 760 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Novelis Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is F.N.B. Corporation Retirement Income Plan in PA (348 participants, $178M 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.