Defined Benefit (Pension) · DOL Form 5500 · 2024
Novartis Corporation Pension Plan
Data updated 2026-07-24
- $1.8B
- Total assets
- 1,562
- Participants
- 99th
- Percentile by assets
- $1.1M
- Avg per participant
Official DOL plan name: Pension Plan for Salaried Employees of Novartis Corporation · Sponsored by Novartis Corporation · New Jersey · Manufacturing
$1.8B in assets, 1,562 participants
Novartis Corporation's Pension Plan for Salaried Employees of Novartis Corporation reported $1.8B in total assets and 1,562 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)
Where Pension Plan for Salaried Employees of Novartis Corporation sits by assets
Pension Plan for Salaried Employees of Novartis Corporation sits among the largest 1% of all filed plans, $1.8B for 1,562 participants (~$1.1M/participant), down 10.8% in 2024.
- $1.8B
- total plan assets (2024 EOY)
- 1,562
- covered participants
- 99th
- percentile by assets (of 116,472 plans)
- $1.1M
- avg assets per participant
The plan reported a net loss of $64M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Pension Plan for Salaried Employees of Novartis Corporation reported net income fell from $5M in the plan year 2023 filing to -$64M in the plan year 2024 filing.
- Pension Plan for Salaried Employees of Novartis Corporation reported participants fell from 2,123 in the plan year 2023 filing to 1,562 in the plan year 2024 filing.
- Pension Plan for Salaried Employees of Novartis Corporation end-of-year assets fell from $2.0B in the plan year 2023 filing to $1.8B in the plan year 2024 filing.
Pension Plan for Salaried Employees of Novartis Corporation vs the 2024 asset distribution
By assets, Pension Plan for Salaried Employees of Novartis Corporation outranks 99% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 18x the national average plan size of $100M (730 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $2.0B |
|---|---|
| Net Assets (End of Year) | $1.8B |
| Net Income | -$64M |
| Employer EIN | 131834433 |
| Plan Effective Date | 1957-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Novartis Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 17,007 | $10.5B |
| 2023 | 3 | 16,396 | $11.6B |
| 2024 | 3 | 13,953 | $11.7B |
Nearby Defined Benefit (Pension) Plans in New Jersey
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Pension Plan for Salaried Employees of Novartis Corporation vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
- Retirement Plan of Johnson and Johnson $21.1B · 37,882
- JPMorgan Chase Retirement Plan $16.1B · 83,812
- Nokia Retirement Income Plan $12.9B · 7,280
- The Prudential Merged Retirement Plan $12.0B · 16,233
- Merck US Pension Plan $10.1B · 26,843
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Pension Plan for Salaried Employees of Novartis Corporation by total assets, not by location.
- Entergy Corporation Retirement Plan for Non-Bargaining Employees (LA) $1.8B · 6,385
- Gciu - Employer Retirement Benefit Plan (WA) $1.8B · 1,253
- Whirlpool Tammy Employees Pension Plan (MI) $1.7B · 4,233
- Kohler Co. Pension Plan (WI) $1.7B · 9,560
Frequently Asked Questions
How did Pension Plan for Salaried Employees of Novartis Corporation assets move in 2024? ▼
How have Novartis Corporation plan assets changed over time? ▼
Where does Pension Plan for Salaried Employees of Novartis Corporation rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Pension Plan for Salaried Employees of Novartis Corporation? ▼
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Ways to act on Pension Plan for Salaried Employees of Novartis Corporation's numbers.
- By total assets, Pension Plan for Salaried Employees of Novartis Corporation ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New Jersey. Compare plans
- Novartis Corporation's sponsor-wide assets have grown 12.0% 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 131834433.
Read our methodology - how this data is sourced, computed, and verified.