NOVELIS PENSION PLAN
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
NOVELIS CORPORATION
This Defined Benefit (Pension) plan holds $398M in total assets and serves 348 participants as of 2023. It is sponsored by NOVELIS CORPORATION in Georgia. The plan reported positive net income of $15M for the year.
What the Filing Says About NOVELIS PENSION PLAN
NOVELIS PENSION PLAN is a Defined Benefit (Pension) retirement plan sponsored by NOVELIS CORPORATION, headquartered in Georgia. As of the 2023 Form 5500 filing, the plan reports $398M in total end-of-year assets and covers 348 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 412098321, and the plan has been effective since 2006-01-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $382M at the beginning of 2023 to $398M at year-end — a gain of 3.9%. Net assets (after liabilities) closed the year at $398M, with reported net income of $15M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.
Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.
Financial Summary (2023)
| Total Assets (Beginning of Year) | $382M |
| Total Assets (End of Year) | $398M |
| Net Assets (End of Year) | $398M |
| Net Income | $15M |
| Plan Type | Defined Benefit (Pension) |
| Employer EIN | 412098321 |
| Plan Effective Date | 2006-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (NOVELIS CORPORATION)
| 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.
- THE SOUTHERN COMPANY PENSION PLAN $15.6B · 25,241
- UPS/IBT FULL-TIME EMPLOYEE PENSION PLAN $12.3B · 70,241
- UPS PENSION PLAN $9.7B · 153,217
- COX ENTERPRISES, INC. PENSION PLAN $7.4B · 24,023
- DELTA RETIREMENT PLAN $7.3B · 15,601
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Frequently Asked Questions
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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.
Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.
Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.
Read our methodology — how this data is sourced, computed, and verified.