401(k) · DOL Form 5500 · 2024

Novant Health, Inc. 401(k) Plan

Data updated 2026-08-25

$1.7B
Total assets Very large vs avg
38,190
Participants Very large workforce
99th
Percentile by assets National rank
$44,042
Avg per participant Low balance/head
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Official DOL plan name: Savings and Supplemental Retirement Plan of Novant Health, Inc. · Sponsored by Novant Health, Inc. · North Carolina · Healthcare & Social Assistance

$1.7B in assets, 38,190 participants

Novant Health, Inc.'s Savings and Supplemental Retirement Plan of Novant Health, Inc. reported $1.7B in total assets and 38,190 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.

  • #16,782 in Healthcare & Social Assistance (16,916 peers)

Coverage in North Carolina

Savings and Supplemental Retirement Plan of Novant Health, Inc. covers 38,190 participants in North Carolina, 47x the typical North Carolina plan (state average ~819 per filing). Assets: $1.7B.

#16,782
in Healthcare & Social Assistance (16,916 peers)
+11.9%
assets growth YoY
17×
vs typical plan assets (national mean)

Savings and Supplemental Retirement Plan of Novant Health, Inc.'s outsized position by total assets

Savings and Supplemental Retirement Plan of Novant Health, Inc. vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$1,681,955,790 Top 1% higher than 99% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Savings and Supplemental Retirement 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. Savings and Supplemental Retirement Plan of Novant Health, Inc. is a mega filing (38,190 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Savings and Supplemental Retirement Plan of Novant Health, Inc. reported net income fell from $228M in the plan year 2023 filing to $178M in the plan year 2024 filing.
  • Savings and Supplemental Retirement Plan of Novant Health, Inc. end-of-year assets rose from $1.5B in the plan year 2023 filing to $1.7B in the plan year 2024 filing.
  • Savings and Supplemental Retirement Plan of Novant Health, Inc. reported participants rose from 36,063 in the plan year 2023 filing to 38,190 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 561376950 · Novant Health, Inc. PY 2024 · 401(k)

Savings and Supplemental Retirement Plan of Novant Health, Inc. · $1.7B · 38,190 · 99th

  • BOOK $1.7B
  • BOOK 38,190
  • BOOK 99th
  • BOOK 401(k)
  • BOOK near Blue Shield of California Tax Deferred Salary Investment Plan
  • BOOK ind #16782

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 →

Savings and Supplemental Retirement Plan of Novant Health, Inc. in the asset neighbourhood

Grant Thornton Advisors LLC 401(k) Savings PlanGrant Thornton Advisors LLC …$1.7BWec Energy Group Retirement Savings PlanWec Energy Group Retirement …$1.7BCushman & Wakefield 401(k) PlanCushman & Wakefield 401(k) P…$1.7BSavings and Supplemental Retirement Plan of Novant Health, Inc.Savings and Supplemental Ret…$1.7BBlue Shield of California Tax Deferred Salary Investment PlanBlue Shield of California Ta…$1.7B
End-of-year total assets ($B) among Savings and Supplemental Retirement Plan of Novant Health, Inc. and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$1.5B
Net Assets (End of Year)$1.7B
Net Income$178M
Employer EIN561376950
Plan Effective Date1983-01-01
Filing StatusFILING 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
$3B$3.5B$4B$4.5B 202220232024 $3.15B $4.31B ▲ +36.8%
Year Plans Participants Total Assets
2022 2 58,998 $3.1B
2023 2 72,120 $3.7B
2024 3 77,326 $4.3B

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Savings and Supplemental Retirement Plan of Novant Health, Inc. vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. 050000100000150000200000 -20020406080 Total assets ($B) Participants Savings and Supplemental Retirement Plan of Novant Health, Inc., Total assets ($B): 1.68195579 · Participants: 38190Savings and Supplemental Retirement Plan of Novant Health, Inc.The Bank of America 401(k) Plan, Total assets ($B): 62.902405616 · Participants: 168963The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 16.316486587 · Participants: 39468Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 11.269744 · Participants: 27341Duke Energy Retirement Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 9.349291649 · Participants: 27070Nucor Corporation Profit Sharing and Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 9.231001739 · Participants: 52699Truist Financial Corporation 401(k) Savings Plan
Savings and Supplemental Retirement Plan of Novant Health, Inc. vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Savings and Supplemental Retirement Plan of Novant Health, Inc. side-by-side with 3 peers →

Scale composition for Savings and Supplemental Retirement Plan of Novant Health, Inc.

Savings and Supplemental Retirement Plan of Novant Health, Inc. reports $1.7B in end-of-year assets across 38,190 participants (0.014% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.041% of 93,925,755 covered participants) - about $44,042 per participant (32% of the national average assets-per-participant) . Net income for plan year 2024 was $178M.

This plan identity (EIN 561376950, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.3B to $1.7B (+31.9%) while covered participants moved from 29,747 to 38,190 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 29,747 $1.3B Open filing
2023 36,063 $1.5B Open filing
2024 · index core 38,190 $1.7B This page

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Savings and Supplemental Retirement Plan of Novant Health, Inc.'s out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Blue Shield of California Tax Deferred Salary Investment Plan in CA ($1.7B); by covered participants it is Abbott Laboratories Stock Retirement Plan in IL (38,229 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.7B here).

Similar participant headcount

Nearest other-state filings by covered participants (38,190 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Savings and Supplemental Retirement Plan of Novant Health, Inc. assets move in 2024? ▼
Savings and Supplemental Retirement Plan of Novant Health, Inc. grew at a solid clip - up 11.9% during 2024, from $1.5B to $1.7B. Reported net income was $178M.
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 Savings and Supplemental Retirement Plan of Novant Health, Inc. rank by assets among Form 5500 filers? ▼
Savings and Supplemental Retirement Plan of Novant Health, Inc. ranks in the 99th percentile by end-of-year assets among 123,622 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 Savings and Supplemental Retirement Plan of Novant Health, Inc.? ▼
Among 401(k) plans in other states, the closest by assets is Blue Shield of California Tax Deferred Salary Investment Plan in CA ($1.7B, 7,242 participants).
Which 401(k) plans cover a similar participant headcount to Savings and Supplemental Retirement Plan of Novant Health, Inc.? ▼
Among 401(k) plans in other states, the closest by covered participants is Abbott Laboratories Stock Retirement Plan in IL (38,229 participants, $15.8B in assets).

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.