401(k) · DOL Form 5500 · 2023

Novanta Corporation 401(k) Plan

Data updated 2026-08-25

$89M
Total assets Below avg plan size
362
Participants Below avg headcount
90th
Percentile by assets National rank
$245,545
Avg per participant Above avg balance/head
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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.

  • #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.

#16,046
in Manufacturing (18,722 peers)
+24.0%
assets growth YoY
0.9×
vs typical plan assets (national mean)

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.

Novanta Ati 401(k) Plan's outsized position 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 $2,050,000,000 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 2023

Novanta Ati 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Novanta Ati 401(k) Plan sits mid-pack in the medium band (362 participants).

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 →

EBSA filing schedule strip

Filing strip 381859358 · Novanta Corporation PY 2023 · 401(k)

Novanta Ati 401(k) Plan · $89M · 362 · 90th

  • PCT $89M
  • PCT 362
  • PCT 90th
  • PCT 401(k)
  • PCT near Columbia Helicopters, Inc. Amended and Restated Profit Sharing Plan
  • PCT ind #16046

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 Massachusetts →

Novanta Ati 401(k) Plan in the asset neighbourhood

Seacor Savings Plan$89MNovanta Ati 401(k) Plan$89MColumbia Helicopters, Inc. Amended and Restated Profit Sharing PlanColumbia Helicopters, Inc. A…$89MThe Psomas Retirement Savings PlanThe Psomas Retirement Saving…$89MEfco Contribution & 401(k) PlanEfco Contribution & 401(k) P…$89M
End-of-year total assets ($M) among Novanta Ati 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

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)

Sponsor-wide plan assets over time

All Novanta Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$271M 28.407396911299% vs 2022
2024 filing year
$200M$220M$240M$260M$280M 202220232024 $211M $271M ▲ +28.4%
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 ($B) Participants Novanta Ati 401(k) Plan, Total assets ($B): 0.088887324 · Participants: 362Novanta Ati 401(k) PlanFidelity Retirement Savings Plan, Total assets ($B): 28.649852331 · Participants: 62289Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 10.556596852 · Participants: 37052Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 6.829912863 · Participants: 14094Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 5.786107181 · Participants: 19881Boston Scientific Corporation 401(k) Retirement Savings PlanPhilips North America 401(k) Plan, Total assets ($B): 5.779286156 · Participants: 19120Philips North America 401(k) Plan
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 →

Novanta Ati 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Columbia Helicopters, Inc. Amended and Restated Profit Sharing Plan in OR ($89M); by covered participants it is G.a. Richards Company Employees' 401(k) Plan in MI (362 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($89M here).

Similar participant headcount

Nearest other-state filings by covered participants (362 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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).
Which 401(k) plans cover a similar participant headcount to Novanta Ati 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is G.a. Richards Company Employees' 401(k) Plan in MI (362 participants, $3M in assets).

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.