401(k) · DOL Form 5500 · 2023

Novanta Corporation 401(k) Plan

Data updated 2026-08-11

$89M
Total assets
362
Participants
90th
Percentile by assets
$245,545
Avg per participant
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Official DOL plan name: Novanta Ati 401(k) Plan · Sponsored by Novanta Corporation · Massachusetts · Manufacturing

$89M in assets, 362 participants

Novanta Corporation's Novanta Ati 401(k) Plan reported $89M in total assets and 362 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • 90th percentile by assets (of 127,072 plans)
  • #16,046 in Manufacturing (18,722 peers)

Where Novanta Ati 401(k) Plan sits by assets

Novanta Ati 401(k) Plan sits in the top 10% of all filed plans by assets, $89M for 362 participants (~$245,545/participant), up 24.0% in 2023.

$89M
total plan assets (2023 EOY)
362
covered participants
90th
percentile by assets (of 127,072 plans)
$245,545
avg assets per participant

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Novanta Ati 401(k) Plan sits by total assets

Novanta Ati 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$88,887,324 Top 10% higher than 90% of 127,068 filed plans

This plan $0 $2,010,000,000 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 2023

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Novanta Ati 401(k) Plan reported net income rose from -$22M in the plan year 2022 filing to -$3M in the plan year 2023 filing.
  • Novanta Ati 401(k) Plan end-of-year assets rose from $72M in the plan year 2022 filing to $89M in the plan year 2023 filing.
  • Novanta Ati 401(k) Plan reported participants rose from 345 in the plan year 2022 filing to 362 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Massachusetts
Industry
Manufacturing

Novanta Ati 401(k) Plan vs the 2023 asset distribution

By assets, Novanta Ati 401(k) Plan outranks 90% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.9x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$72M
Net Assets (End of Year)$89M
Net Income-$3M
Employer EIN381859358
Plan Effective Date2021-09-15
Filing StatusFILING RECEIVED

Sponsor Plan History (Novanta Corporation)

$200M$220M$240M$260M$280M 202220232024 $211M $271M ▲ +28.4%
Total plan assets by year, all Novanta Corporation plans on file
Year Plans Participants Total Assets
2022 2 1,236 $211M
2023 2 1,307 $251M
2024 2 1,186 $271M

Nearby 401(k) Plans in Massachusetts

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

Novanta Ati 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Novanta Ati 401(k) P…, Total assets ($B): 0.088887324 · Participants: 362Novanta Ati 401(k) P…Fidelity Retirement …, Total assets ($B): 28.649852331 · Participants: 62289Fidelity Retirement …Liberty Mutual 401(k…, Total assets ($B): 10.556596852 · Participants: 37052Liberty Mutual 401(k…Massachusetts Instit…, Total assets ($B): 6.829912863 · Participants: 14094Massachusetts Instit…Boston Scientific Co…, Total assets ($B): 5.786107181 · Participants: 19881Boston Scientific Co…Philips North Americ…, Total assets ($B): 5.779286156 · Participants: 19120Philips North Americ…
Novanta Ati 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Novanta Ati 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Novanta Ati 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Novanta Ati 401(k) Plan assets move in 2023? ▼
Novanta Ati 401(k) Plan grew sharply - up 24.0% during 2023, from $72M to $89M. Reported net income was -$3M.
How have Novanta Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Novanta Corporation's sponsor-wide assets grew 28.4%, from $211M to $271M.
Where does Novanta Ati 401(k) Plan rank by assets among Form 5500 filers? ▼
Novanta Ati 401(k) Plan ranks in the 90th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Novanta Ati 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Columbia Helicopters, Inc. Amended and Restated Profit Sharing Plan in OR ($89M, 498 participants).

Next read for Novanta Ati 401(k) Plan

Scale reading

Ways to act on Novanta Ati 401(k) Plan's numbers.

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 381859358.

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.