Defined Benefit (Pension) · DOL Form 5500 · 2024

Novelis Corporation Pension Plan

Data updated 2026-08-25

$378M
Total assets Above avg plan size
302
Participants Below avg headcount
96th
Percentile by assets National rank
$1.3M
Avg per participant High balance/head
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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.

  • #16,790 in Manufacturing (17,777 peers)

Coverage in Georgia

Novelis Pension Plan covers 302 participants in Georgia, about 28% of the average Georgia filer (state average ~1,096 per filing). Assets: $378M.

#16,790
in Manufacturing (17,777 peers)
-4.9%
assets change YoY
3.8×
vs typical plan assets (national mean)

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.

Novelis Pension Plan's outsized position by total assets

Novelis Pension Plan vs every filed plan by assets

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

$378,174,172 Top 4% higher than 96% 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

Novelis Pension Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Novelis Pension Plan sits mid-pack in the medium band (302 participants).

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.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 412098321 · Novelis Corporation PY 2024 · Defined Benefit (Pension)

Novelis Pension Plan · $378M · 302 · 96th

  • VS-ST $378M
  • BOY 302
  • SCH 96th
  • EBSA Defined Benefit (Pension)
  • PART near Rhode Island Laborers Pension Plan
  • TYPE ind #16790

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 Manufacturing retirement plans → · Plans in Georgia →

Novelis Pension Plan in the asset neighbourhood

Pnm Resources Inc. Employees' Retirement PlanPnm Resources Inc. Employees…$380MThe Restated Ag Processing Inc Retirement PlanThe Restated Ag Processing I…$379MRhode Island Laborers Pension PlanRhode Island Laborers Pensio…$378MNovelis Pension Plan$378MThe Hospital for Special Surgery Retirement PlanThe Hospital for Special Sur…$377M
End-of-year total assets ($M) among Novelis Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Georgia filing particulars

Total Assets (Beginning of Year)$398M
Net Assets (End of Year)$378M
Net Income-$19M
Employer EIN412098321
Plan Effective Date2006-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Novelis Corporation)

Sponsor-wide plan assets over time

All Novelis Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$1.9B 24.015846012476104% vs 2022
2024 filing year
$1.4B$1.6B$1.8B$2B 202220232024 $1.56B $1.94B ▲ +24.4%
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 Scatter plot of 6 data points. -50000050000100000150000200000 -50510152025 Total assets ($B) Participants Novelis Pension Plan, Total assets ($B): 0.378174172 · Participants: 302Novelis Pension PlanUPS Retirement Plan, Total assets ($B): 21.2364871 · Participants: 43465UPS Retirement PlanThe Southern Company Pension Plan, Total assets ($B): 15.319238036 · Participants: 25843The Southern Company Pension PlanUPS/Ibt Full-Time Employee Pension Plan, Total assets ($B): 12.219463258 · Participants: 69627UPS/Ibt Full-Time Employee Pension PlanUPS Pension Plan, Total assets ($B): 9.280234765 · Participants: 157587UPS Pension PlanDelta Retirement Plan, Total assets ($B): 7.253434311 · Participants: 15222Delta Retirement Plan
Novelis Pension Plan vs. nearby Defined Benefit (Pension) plans in Georgia, assets vs. participants
Compare Novelis Pension Plan side-by-side with 3 peers →

Novelis Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Georgia, the nearest Defined Benefit (Pension) by assets is Rhode Island Laborers Pension Plan in RI ($378M); by covered participants it is Urs Federal Services, Inc. Employees Retirement Plan in VA (302 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($378M here).

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 Novelis Pension Plan assets move in 2024? ▼
Novelis Pension Plan edged down modestly - down 4.9% during 2024, from $398M to $378M. Reported net income was -$19M.
How have Novelis Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Novelis Corporation's sponsor-wide assets grew 24.0%, from $1.6B to $1.9B.
Where does Novelis Pension Plan rank by assets among Form 5500 filers? ▼
Novelis Pension Plan ranks in the 96th 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 Defined Benefit (Pension) plans are similar in size to Novelis Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Rhode Island Laborers Pension Plan in RI ($378M, 1,578 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Novelis Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Urs Federal Services, Inc. Employees Retirement Plan in VA (302 participants, $244M 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 412098321.

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.