Profit Sharing · DOL Form 5500 · 2024

Novant Health, Inc. Profit Sharing Plan

Data updated 2026-07-24

$2.5B
Total assets: 38,137
Participants: 99th
Percentile by assets: $66,699
Avg per participant

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.

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

Coverage in North Carolina

Tax Deferred Savings Plan of Novant Health, Inc. covers 38,137 participants in North Carolina, 45x the typical North Carolina plan (state average ~846 per filing). Assets: $2.5B.

$2.5B
total plan assets (2024 EOY): 38,137
covered participants: 99th
percentile by assets (of 116,472 plans): $66,699
avg assets per participant

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.

See the national 2023→2024 release diff →

State

North Carolina

Industry

Healthcare & Social Assistance

Participants vs North Carolina filers

In North Carolina, the average filing covers about 846 participants across 3,325 plans. Tax Deferred Savings Plan of Novant Health, Inc. reports 38,137 participants - 45x that state average ($2.5B EOY assets).

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.)

Total plan assets by year, all Novant Health, Inc. plans on file

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.

Tax Deferred Savings Plan of Novant Health, Inc. vs. nearby Profit Sharing plans in North Carolina, assets vs. participants

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

Compare Tax Deferred Savings Plan of Novant Heal… side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Tax Deferred Savings Plan of Novant Health, Inc. by total assets, not by location.

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
Eastern Atlantic States Carpenters Annuity Fund (PA) $2.2B · 14,807

Frequently Asked Questions

How did Tax Deferred Savings Plan of Novant Health, Inc. assets move in 2024? ▼

Tax Deferred Savings Plan of Novant Health, Inc. grew at a solid clip - up 13.9% during 2024, from $2.2B to $2.5B. Reported net income was $310M.

How have Novant Health, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Novant Health, Inc.'s sponsor-wide assets grew 36.9%, from $3.1B to $4.3B.

Where does Tax Deferred Savings Plan of Novant Health, Inc. rank by assets among Form 5500 filers? ▼

Tax Deferred Savings Plan of Novant Health, Inc. 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 Profit Sharing plans are similar in size to Tax Deferred Savings Plan of Novant Health, Inc.? ▼

Among Profit Sharing plans in other states, the closest by assets is Ernst & Young Partnership Retirement (Hr-10) Plan in NJ ($2.5B, 1,666 participants).

Next read for Tax Deferred Savings Plan of Novant Heal…

Filing takeaways

Ways to act on Tax Deferred Savings Plan of Novant Health, Inc.'s numbers.

By total assets, Tax Deferred Savings Plan of Novant Health, Inc. ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in North Carolina. Compare plans
Novant Health, Inc.'s sponsor-wide assets have grown 36.9% since 2022 across 3 plan years on file. More Healthcare & Social Assistance 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 561376950.

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.