401(k) · DOL Form 5500 · 2024
Novant Health, Inc. 401(k) Plan
Data updated 2026-08-06
- $1.7B
- Total assets
- 38,190
- Participants
- 99th
- Percentile by assets
- $44,042
- Avg per participant
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.
- 99th percentile by assets (of 116,472 plans)
- #15,484 in Healthcare & Social Assistance (15,613 peers)
Coverage in North Carolina
Savings and Supplemental Retirement Plan of Novant Health, Inc. covers 38,190 participants in North Carolina, 45x the typical North Carolina plan (state average ~846 per filing). Assets: $1.7B.
- $1.7B
- total plan assets (2024 EOY)
- 38,190
- covered participants
- 99th
- percentile by assets (of 116,472 plans)
- $44,042
- avg assets per participant
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.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 846 participants across 3,325 plans. Savings and Supplemental Retirement Plan of Novant Health, Inc. reports 38,190 participants - 45x that state average ($1.7B EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $1.5B |
|---|---|
| Net Assets (End of Year) | $1.7B |
| Net Income | $178M |
| Employer EIN | 561376950 |
| Plan Effective Date | 1983-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Novant Health, Inc.)
| 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
- The Bank of America 401(k) Plan $62.9B · 168,963
- Honeywell 401(k) Plan $16.3B · 39,468
- Duke Energy Retirement Savings Plan $11.3B · 27,341
- Nucor Corporation Profit Sharing and Retirement Savings Plan $9.3B · 27,070
- Truist Financial Corporation 401(k) Savings Plan $9.2B · 52,699
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 $11.6T held by all Form 5500 filers in the national rollup , and 0.043% of 89,805,449 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:
- Tax Deferred Savings Plan of Novant Health, Inc. (Profit Sharing, $2.5B, 38,137 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Savings and Supplemental Retirement Plan of Novant Health, Inc. by total assets, not by location.
- Blue Shield of California Tax Deferred Salary Investment Plan (CA) $1.7B · 7,242
- Grant Thornton Advisors LLC 401(k) Savings Plan (IL) $1.7B · 7,569
- Wec Energy Group Retirement Savings Plan (WI) $1.7B · 3,383
- Cushman & Wakefield 401(k) Plan (MA) $1.7B · 23,593
Frequently Asked Questions
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Filing takeaways
Ways to act on Savings and Supplemental Retirement Plan of Novant Health, Inc.'s numbers.
- By total assets, Savings and Supplemental Retirement 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 401(k) 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