Profit Sharing · DOL Form 5500 · 2024
Novant Health, Inc. Profit Sharing Plan
Data updated 2026-08-25
- $2.5B
- Total assets Very large vs avg
- 38,137
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $66,699
- Avg per participant Below avg balance/head
Official DOL plan name: Tax Deferred Savings Plan of Novant Health, Inc. · Sponsored by Novant Health, Inc. · North Carolina · Healthcare & Social Assistance
$2.5B in assets, 38,137 participants
Novant Health, Inc.'s Tax Deferred Savings Plan of Novant Health, Inc. reported $2.5B in total assets and 38,137 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.
- #16,828 in Healthcare & Social Assistance (16,916 peers)
Coverage in North Carolina
Tax Deferred Savings Plan of Novant Health, Inc. covers 38,137 participants in North Carolina, 47x the typical North Carolina plan (state average ~819 per filing). Assets: $2.5B.
- #16,828
- in Healthcare & Social Assistance (16,916 peers)
- +13.9%
- assets growth YoY
- 26×
- vs typical plan assets (national mean)
Tax Deferred Savings Plan of Novant Health, Inc.'s outsized position by total assets
Tax Deferred Savings Plan of Novant Health, Inc. vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$2,543,711,307 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
Tax Deferred Savings Plan of Novant Health, Inc.'s mega-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Tax Deferred Savings Plan of Novant Health, Inc. is a mega filing (38,137 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Tax Deferred Savings Plan of Novant Health, Inc. reported net income fell from $363M in the plan year 2023 filing to $310M in the plan year 2024 filing.
- Tax Deferred Savings Plan of Novant Health, Inc. end-of-year assets rose from $2.2B in the plan year 2023 filing to $2.5B in the plan year 2024 filing.
- Tax Deferred Savings Plan of Novant Health, Inc. reported participants rose from 36,057 in the plan year 2023 filing to 38,137 in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 561376950 · Novant Health, Inc. PY 2024 · Profit Sharing
Tax Deferred Savings Plan of Novant Health, Inc. · $2.5B · 38,137 · 99th
- 5500 $2.5B
- ASSETS 38,137
- PCT 99th
- EIN Profit Sharing
- RANK near Ernst & Young Partnership Retirement (Hr-10) Plan
- PHOTO ind #16828
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 Healthcare & Social Assistance retirement plans → · Plans in North Carolina →
Tax Deferred Savings Plan of Novant Health, Inc. in the asset neighbourhood
North Carolina filing particulars
| Total Assets (Beginning of Year) | $2.2B |
|---|---|
| Net Assets (End of Year) | $2.5B |
| Net Income | $310M |
| Employer EIN | 561376950 |
| Plan Effective Date | 1993-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Novant Health, Inc.)
Sponsor-wide plan assets over time
All Novant Health, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $4.3B 36.898536416172156% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 58,998 | $3.1B |
| 2023 | 2 | 72,120 | $3.7B |
| 2024 | 3 | 77,326 | $4.3B |
Nearby Profit Sharing Plans in North Carolina
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
- Charter Communications, Inc. Retirement Accumulation Plan $1.5B · 96,794
- Firsthealth of the Carolinas, Inc. Retirement Growth Plan $121M · 5,933
- Baker & Taylor Retirement Savings Plan $73M · 1,336
- Whap PA Profit Sharing Plan $50M · N/A
- Wayne Unc 401(a) Plan $47M · 1,447
Scale composition for Tax Deferred Savings Plan of Novant Health, Inc.
Tax Deferred Savings Plan of Novant Health, Inc. reports $2.5B in end-of-year assets across 38,137 participants (0.021% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.041% of 93,925,755 covered participants) - about $66,699 per participant (48% of the national average assets-per-participant) . Net income for plan year 2024 was $310M.
This plan identity (EIN 561376950, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.9B to $2.5B (+36.0%) while covered participants moved from 29,251 to 38,137 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 29,251 | $1.9B | Open filing |
| 2023 | 36,057 | $2.2B | Open filing |
| 2024 · index core | 38,137 | $2.5B | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Savings and Supplemental Retirement Plan of Novant Health, Inc. (401(k), $1.7B, 38,190 participants)
Tax Deferred Savings Plan of Novant Health, Inc.'s out-of-state Profit Sharing peers by assets and headcount
Outside North Carolina, the nearest Profit Sharing by assets is Ernst & Young Partnership Retirement (Hr-10) Plan in NJ ($2.5B); by covered participants it is Disney Retirement Savings Plan in CA (36,338 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.5B here).
- Ernst & Young Partnership Retirement (Hr-10) Plan (NJ) $2.5B · 1,666
- University of Notre Dame 403(b) Retirement Plan (IN) $2.6B · 10,920
- Emory Healthcare, Inc. Retirement Savings and Matching Plan (GA) $2.8B · 23,760
- Annuity Plan of the Electrical Industry (NY) $2.3B · 18,200
Similar participant headcount
Nearest other-state filings by covered participants (38,137 participants); asset peers above are excluded.
- Disney Retirement Savings Plan (CA) 36,338 · 1,799 off
- Crh Americas 401(k) Plan (GA) 35,710 · 2,427 off
- I.a.M. National Plan (DC) 33,236 · 4,901 off
- The Defined Contribution Plan of the Methodist Hospital (TX) 31,848 · 6,289 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.