401(k) · DOL Form 5500 · 2024
Novo Nordisk Inc. 401(k) Plan
Data updated 2026-08-25
- $2.5B
- Total assets Very large vs avg
- 7,904
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $321,197
- Avg per participant High balance/head
Official DOL plan name: Novo Nordisk Inc. 401(k) Savings Plan · Sponsored by Novo Nordisk Inc. · New Jersey · Manufacturing
$2.5B in assets, 7,904 participants
Novo Nordisk Inc.'s Novo Nordisk Inc. 401(k) Savings Plan reported $2.5B in total assets and 7,904 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.
- #17,579 in Manufacturing (17,777 peers)
Coverage in New Jersey
Novo Nordisk Inc. 401(k) Savings Plan covers 7,904 participants in New Jersey, 9.4x the typical New Jersey plan (state average ~844 per filing). Assets: $2.5B.
- #17,579
- in Manufacturing (17,777 peers)
- +10.2%
- assets growth YoY
- 25×
- vs typical plan assets (national mean)
Novo Nordisk Inc. 401(k) Savings Plan's outsized position by total assets
Novo Nordisk Inc. 401(k) Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$2,538,744,944 Top 1% higher than 99% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Novo Nordisk Inc. 401(k) Savings Plan's large-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Novo Nordisk Inc. 401(k) Savings Plan lands in the large band (7,904 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Novo Nordisk Inc. 401(k) Savings Plan reported net income fell from $534M in the plan year 2023 filing to $235M in the plan year 2024 filing.
- Novo Nordisk Inc. 401(k) Savings Plan reported participants rose from 6,993 in the plan year 2023 filing to 7,904 in the plan year 2024 filing.
- Novo Nordisk Inc. 401(k) Savings Plan end-of-year assets rose from $2.3B in the plan year 2023 filing to $2.5B in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 061061602 · Novo Nordisk Inc. PY 2024 · 401(k)
Novo Nordisk Inc. 401(k) Savings Plan · $2.5B · 7,904 · 99th
- PHOTO $2.5B
- IND 7,904
- EOY 99th
- 5500 401(k)
- ASSETS near Genuine Parts Company 401(k) Savings Plan
- PCT ind #17579
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 New Jersey →
Novo Nordisk Inc. 401(k) Savings Plan in the asset neighbourhood
New Jersey filing particulars
| Total Assets (Beginning of Year) | $2.3B |
|---|---|
| Net Assets (End of Year) | $2.5B |
| Net Income | $235M |
| Employer EIN | 061061602 |
| Plan Effective Date | 1983-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Novo Nordisk Inc.)
Sponsor-wide plan assets over time
All Novo Nordisk Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $3.8B 47.0323133363728% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 10,569 | $2.6B |
| 2023 | 3 | 12,133 | $3.3B |
| 2024 | 3 | 13,565 | $3.8B |
Nearby 401(k) Plans in New Jersey
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- JPMorgan Chase 401(k) Savings Plan $52.9B · 185,532
- Verizon Savings Plan for Management Employees $29.4B · 69,218
- Johnson and Johnson Savings Plan $23.6B · 42,583
- Ernst & Young Retirement Savings Plan $18.3B · 56,714
- Merck US Savings Plan $15.0B · 27,956
Scale composition for Novo Nordisk Inc. 401(k) Savings Plan
Novo Nordisk Inc. 401(k) Savings Plan reports $2.5B in end-of-year assets across 7,904 participants (0.021% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $321,197 per participant (2.3x the national average assets-per-participant) . Net income for plan year 2024 was $235M.
This plan identity (EIN 061061602, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.8B to $2.5B (+43.5%) while covered participants moved from 5,770 to 7,904 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,770 | $1.8B | Open filing |
| 2023 | 6,993 | $2.3B | Open filing |
| 2024 · index core | 7,904 | $2.5B | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Novo Nordisk Inc. Money Purchase Plan (Defined Benefit (Pension), $1.2B, 5,655 participants)
Novo Nordisk Inc. 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside New Jersey, the nearest 401(k) by assets is Genuine Parts Company 401(k) Savings Plan in GA ($2.5B); by covered participants it is Riverside Health System 401(k) Savings Plan in VA (7,888 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.5B here).
- Genuine Parts Company 401(k) Savings Plan (GA) $2.5B · 29,481
- Burlington Northern Santa Fe Investment and Retirement Plan (TX) $2.5B · 6,424
- Fox Savings Plan (NY) $2.5B · 10,514
- Idaho National Laboratory Employee Investment Plan (ID) $2.5B · 6,632
Similar participant headcount
Nearest other-state filings by covered participants (7,904 participants); asset peers above are excluded.
- Riverside Health System 401(k) Savings Plan (VA) 7,888 · 16 off
- Flex-N-Gate Corporation 401(k) Plan (IL) 7,921 · 17 off
- Group Health Plan, Inc. 401(k) Plan (MN) 7,923 · 19 off
- Zimmer Biomet Holdings, Inc. Savings and Investment 401(k) Program (IN) 7,882 · 22 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.