401(k) · DOL Form 5500 · 2024

Bank of Nova Scotia 401(k) Plan

Data updated 2026-07-24

$493M
Total assets: 1,430
Participants: 97th
Percentile by assets: $344,508
Avg per participant

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.

97th percentile by assets (of 116,472 plans)

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.

$493M
total plan assets (2024 EOY): 1,430
covered participants: 97th
percentile by assets (of 116,472 plans): $344,508
avg assets per participant

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 →

State

Industry

Finance & Insurance

Retirement Plan for Employees of Scotiabank U. S. 401(k) vs the 2024 asset distribution

By assets, Retirement Plan for Employees of Scotiabank U. S. 401(k) outranks 97% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 4.9x the national average plan size of $100M (730 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$410M
Net Assets (End of Year)	$493M
Net Income	$83M
Employer EIN	134941099
Plan Effective Date	1988-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Bank of Nova Scotia)

Total plan assets by year, all Bank of Nova Scotia plans on file

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

The Magna Group of Companies Retirement Savings Plans $2.5B · 25,008
Transcanada 401(k) and Savings Plan $1.1B · 3,435
Four Seasons Hotels Retirement Benefit Plan $979M · 15,818
Transocean U.S. Savings Plan $839M · 2,151
Accor 401(k) Plan $373M · 6,337

Compare Retirement Plan for Employees of Scotiab… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Retirement Plan for Employees of Scotiabank U. S. 401(k) by total assets, not by location.

Vitas Healthcare Corporation 401(k) Plan (FL) $493M · 10,153
Lineage Logistics 401(k) Plan (MI) $493M · 8,546
New Balance Athletics Employee Savings and Security Plan (MA) $493M · 4,303
Brasfield & Gorrie 401(k) Plan (AL) $493M · 3,656

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 116,472 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).

Next read for Retirement Plan for Employees of Scotiab…

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Scale reading

Ways to act on Retirement Plan for Employees of Scotiabank U. S. 401(k)'s numbers.

By total assets, Retirement Plan for Employees of Scotiabank U. S. 401(k) ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in . Compare plans
Bank of Nova Scotia's sponsor-wide assets have grown 34.4% since 2022 across 3 plan years on file. More Finance & Insurance 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 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.