401(k) · DOL Form 5500 · 2024

Bank of Nova Scotia 401(k) Plan

Data updated 2026-08-25

$493M
Total assets Above avg plan size
1,430
Participants Near avg headcount
97th
Percentile by assets National rank
$344,508
Avg per participant High balance/head
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Official DOL plan name: Retirement Plan for Employees of Scotiabank U. S. 401(k) · Sponsored by Bank of Nova Scotia · · Finance & Insurance

$493M in assets, 1,430 participants

Bank of Nova Scotia's Retirement Plan for Employees of Scotiabank U. S. 401(k) reported $493M in total assets and 1,430 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.

  • #8,118 in Finance & Insurance (8,549 peers)

Where Retirement Plan for Employees of Scotiabank U. S. 401(k) sits by assets

Retirement Plan for Employees of Scotiabank U. S. 401(k) sits in the top 5% of all filed plans by assets, $493M for 1,430 participants (~$344,508/participant), up 20.2% in 2024.

#8,118
in Finance & Insurance (8,549 peers)
+20.2%
assets growth YoY
4.9×
vs typical plan assets (national mean)

Retirement Plan for Employees of Scotiabank U. S. 401(k)'s outsized position by total assets

Retirement Plan for Employees of Scotiabank U. S. 401(k) vs every filed plan by assets

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

$492,647,008 Top 3% higher than 97% 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

Retirement Plan for Employees of Scotiabank U. S. 401(k)'s large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Retirement Plan for Employees of Scotiabank U. S. 401(k) lands in the large band (1,430 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Retirement Plan for Employees of Scotiabank U. S. 401(k) reported net income rose from $57M in the plan year 2023 filing to $83M in the plan year 2024 filing.
  • Retirement Plan for Employees of Scotiabank U. S. 401(k) end-of-year assets rose from $410M in the plan year 2023 filing to $493M in the plan year 2024 filing.
  • Retirement Plan for Employees of Scotiabank U. S. 401(k) reported participants rose from 1,346 in the plan year 2023 filing to 1,430 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 134941099 · Bank of Nova Scotia PY 2024 · 401(k)

Retirement Plan for Employees of Scotiabank U. S. 401(k) · $493M · 1,430 · 97th

  • PHOTO $493M
  • PHOTO 1,430
  • PHOTO 97th
  • PHOTO 401(k)
  • PHOTO near Vitas Healthcare Corporation 401(k) Plan
  • PHOTO ind #8118

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 Finance & Insurance retirement plans →

Retirement Plan for Employees of Scotiabank U. S. 401(k) in the asset neighbourhood

Brasfield & Gorrie 401(k) PlanBrasfield & Gorrie 401(k) Pl…$493MNew Balance Athletics Employee Savings and Security PlanNew Balance Athletics Employ…$493MRetirement Plan for Employees of Scotiabank U. S. 401(k)Retirement Plan for Employee…$493MVitas Healthcare Corporation 401(k) PlanVitas Healthcare Corporation…$493MLineage Logistics 401(k) Plan$493M
End-of-year total assets ($M) among Retirement Plan for Employees of Scotiabank U. S. 401(k) and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$410M
Net Assets (End of Year)$493M
Net Income$83M
Employer EIN134941099
Plan Effective Date1988-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bank of Nova Scotia)

Sponsor-wide plan assets over time

All Bank of Nova Scotia plans reported in each filing year

Latest sponsor-wide plan assets
$610M 34.38940493999789% vs 2022
2024 filing year
$400M$450M$500M$550M$600M$650M 202220232024 $454M $610M ▲ +34.4%
Year Plans Participants Total Assets
2022 2 1,418 $454M
2023 2 1,493 $523M
2024 2 1,551 $610M

Nearby 401(k) Plans in

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

Retirement Plan for Employees of Scotiabank U. S. 401(k) vs. nearby 401(k) plans in , assets vs. participants Scatter plot of 6 data points. 0100002000030000 00.511.522.53 Total assets ($B) Participants Retirement Plan for Employees of Scotiabank U. S. 401(k), Total assets ($B): 0.492647008 · Participants: 1430Retirement Plan for Employees of Scotiabank U. S. 401(k)The Magna Group of Companies Retirement Savings Plans, Total assets ($B): 2.470105136 · Participants: 25008The Magna Group of Companies Retirement Savings PlansTranscanada 401(k) and Savings Plan, Total assets ($B): 1.123853711 · Participants: 3435Transcanada 401(k) and Savings PlanFour Seasons Hotels Retirement Benefit Plan, Total assets ($B): 0.978593813 · Participants: 15818Four Seasons Hotels Retirement Benefit PlanTransocean U.S. Savings Plan, Total assets ($B): 0.838696657 · Participants: 2151Transocean U.S. Savings PlanAccor 401(k) Plan, Total assets ($B): 0.372940522 · Participants: 6337Accor 401(k) Plan
Retirement Plan for Employees of Scotiabank U. S. 401(k) vs. nearby 401(k) plans in , assets vs. participants
Compare Retirement Plan for Employees of Scotiabank U. S. 401(k) side-by-side with 3 peers →

Retirement Plan for Employees of Scotiabank U. S. 401(k)'s out-of-state 401(k) peers by assets and headcount

Outside this state, the nearest 401(k) by assets is Vitas Healthcare Corporation 401(k) Plan in FL ($493M); by covered participants it is Bilfinger Inc. Retirement Plan in VA (1,430 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($493M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,430 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 Retirement Plan for Employees of Scotiabank U. S. 401(k) assets move in 2024? ▼
Retirement Plan for Employees of Scotiabank U. S. 401(k) grew sharply - up 20.2% during 2024, from $410M to $493M. Reported net income was $83M.
How have Bank of Nova Scotia plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bank of Nova Scotia's sponsor-wide assets grew 34.4%, from $454M to $610M.
Where does Retirement Plan for Employees of Scotiabank U. S. 401(k) rank by assets among Form 5500 filers? ▼
Retirement Plan for Employees of Scotiabank U. S. 401(k) ranks in the 97th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Retirement Plan for Employees of Scotiabank U. S. 401(k)? ▼
Among 401(k) plans in other states, the closest by assets is Vitas Healthcare Corporation 401(k) Plan in FL ($493M, 10,153 participants).
Which 401(k) plans cover a similar participant headcount to Retirement Plan for Employees of Scotiabank U. S. 401(k)? ▼
Among 401(k) plans in other states, the closest by covered participants is Bilfinger Inc. Retirement Plan in VA (1,430 participants, $112M 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 134941099.

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.