Defined Benefit (Pension) · DOL Form 5500 · 2024
Novelis Corporation Pension Plan
Data updated 2026-08-06
- $378M
- Total assets
- 302
- Participants
- 96th
- Percentile by assets
- $1.3M
- Avg per participant
Official DOL plan name: Novelis Pension Plan · Sponsored by Novelis Corporation · Georgia · Manufacturing
$378M in assets, 302 participants
Novelis Corporation's Novelis Pension Plan reported $378M in total assets and 302 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.
- 96th percentile by assets (of 116,472 plans)
Coverage in Georgia
Novelis Pension Plan covers 302 participants in Georgia, about 27% of the average Georgia filer (state average ~1,126 per filing). Assets: $378M.
- $378M
- total plan assets (2024 EOY)
- 302
- covered participants
- 96th
- percentile by assets (of 116,472 plans)
- $1.3M
- avg assets per participant
The plan reported a net loss of $19M 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
- Novelis Pension Plan reported net income fell from $15M in the plan year 2023 filing to -$19M in the plan year 2024 filing.
- Novelis Pension Plan reported participants fell from 348 in the plan year 2023 filing to 302 in the plan year 2024 filing.
- Novelis Pension Plan end-of-year assets fell from $398M in the plan year 2023 filing to $378M in the plan year 2024 filing.
Participants vs Georgia filers
In Georgia, the average filing covers about 1,126 participants across 3,470 plans. Novelis Pension Plan reports 302 participants - about 27% of that state average ($378M EOY assets).
Georgia filing particulars
| Total Assets (Beginning of Year) | $398M |
|---|---|
| Net Assets (End of Year) | $378M |
| Net Income | -$19M |
| Employer EIN | 412098321 |
| Plan Effective Date | 2006-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Novelis Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 5,607 | $1.6B |
| 2023 | 5 | 5,993 | $1.8B |
| 2024 | 5 | 6,001 | $1.9B |
Nearby Defined Benefit (Pension) Plans in Georgia
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Novelis Pension Plan vs. nearby Defined Benefit (Pension) plans in Georgia, assets vs. participants
- UPS Retirement Plan $21.2B · 43,465
- The Southern Company Pension Plan $15.3B · 25,843
- UPS/Ibt Full-Time Employee Pension Plan $12.2B · 69,627
- UPS Pension Plan $9.3B · 157,587
- Delta Retirement Plan $7.3B · 15,222
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Novelis Pension Plan by total assets, not by location.
- Rhode Island Laborers Pension Plan (RI) $378M · 1,578
- The Restated Ag Processing Inc Retirement Plan (NE) $379M · 1,105
- The Hospital for Special Surgery Retirement Plan (NY) $377M · 1,097
- Pnm Resources Inc. Employees' Retirement Plan (NM) $380M · 133
Frequently Asked Questions
How did Novelis Pension Plan assets move in 2024? ▼
How have Novelis Corporation plan assets changed over time? ▼
Where does Novelis Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Novelis Pension Plan? ▼
Next read for Novelis Pension Plan
Filing takeaways
Ways to act on Novelis Pension Plan's numbers.
- By total assets, Novelis Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Georgia. Compare plans
- Novelis Corporation's sponsor-wide assets have grown 24.0% 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 412098321.
Read our methodology - how this data is sourced, computed, and verified.