401(k) · DOL Form 5500 · 2024

Novo Nordisk Inc. 401(k) Plan

Data updated 2026-08-06

$2.5B
Total assets: 7,904
Participants: 99th
Percentile by assets: $321,197
Avg per participant

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.

99th percentile by assets (of 116,472 plans)

Coverage in New Jersey

Novo Nordisk Inc. 401(k) Savings Plan covers 7,904 participants in New Jersey, 9.1x the typical New Jersey plan (state average ~865 per filing). Assets: $2.5B.

$2.5B
total plan assets (2024 EOY): 7,904
covered participants: 99th
percentile by assets (of 116,472 plans): $321,197
avg assets per participant

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.

See the national 2023→2024 release diff →

State

New Jersey

Industry

Manufacturing

Participants vs New Jersey filers

In New Jersey, the average filing covers about 865 participants across 3,927 plans. Novo Nordisk Inc. 401(k) Savings Plan reports 7,904 participants - 9.1x that state average ($2.5B EOY assets).

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.)

Total plan assets by year, all Novo Nordisk Inc. plans on file

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.

Novo Nordisk Inc. 401(k) Savings Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants

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

Compare Novo Nordisk Inc. 401(k) Savings Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Novo Nordisk Inc. 401(k) Savings Plan by total assets, not by location.

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
Bellsouth Savings and Security Plan (TX) $2.5B · 11,993

Frequently Asked Questions

How did Novo Nordisk Inc. 401(k) Savings Plan assets move in 2024? ▼

Novo Nordisk Inc. 401(k) Savings Plan grew at a solid clip - up 10.2% during 2024, from $2.3B to $2.5B. Reported net income was $235M.

How have Novo Nordisk Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Novo Nordisk Inc.'s sponsor-wide assets grew 47.0%, from $2.6B to $3.8B.

Where does Novo Nordisk Inc. 401(k) Savings Plan rank by assets among Form 5500 filers? ▼

Novo Nordisk Inc. 401(k) Savings Plan ranks in the 99th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).

Which 401(k) plans are similar in size to Novo Nordisk Inc. 401(k) Savings Plan? ▼

Among 401(k) plans in other states, the closest by assets is Genuine Parts Company 401(k) Savings Plan in GA ($2.5B, 29,481 participants).

Next read for Novo Nordisk Inc. 401(k) Savings Plan

Filing takeaways

Ways to act on Novo Nordisk Inc. 401(k) Savings Plan's numbers.

By total assets, Novo Nordisk Inc. 401(k) Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in New Jersey. Compare plans
Novo Nordisk Inc.'s sponsor-wide assets have grown 47.0% since 2022 across 3 plan years on file. More Manufacturing plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 061061602.

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.