401(k) · DOL Form 5500 · 2024

Novanta Corporation 401(k) Plan

Data updated 2026-08-25

$84M
Total assets Below avg plan size
243
Participants Below avg headcount
89th
Percentile by assets National rank
$344,373
Avg per participant High balance/head
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Official DOL plan name: Novanta Ati 401(k) Plan · Sponsored by Novanta Corporation · Massachusetts · Manufacturing

$84M in assets, 243 participants

Novanta Corporation's Novanta Ati 401(k) Plan reported $84M in total assets and 243 participants in its 2024 DOL Form 5500 filing, ranking in the 89th 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.

  • #14,930 in Manufacturing (17,777 peers)

Coverage in Massachusetts

Novanta Ati 401(k) Plan covers 243 participants in Massachusetts, about 37% of the average Massachusetts filer (state average ~659 per filing). Assets: $84M.

#14,930
in Manufacturing (17,777 peers)
-5.9%
assets change YoY
0.8×
vs typical plan assets (national mean)

The plan reported a net loss of $5M 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 2024 · DOL Form 5500

$83,682,545 Top 11% higher than 89% 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

Novanta Ati 401(k) 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. Novanta Ati 401(k) Plan sits mid-pack in the medium band (243 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Novanta Ati 401(k) Plan reported net income fell from -$3M in the plan year 2023 filing to -$5M in the plan year 2024 filing.
  • Novanta Ati 401(k) Plan reported participants fell from 362 in the plan year 2023 filing to 243 in the plan year 2024 filing.
  • Novanta Ati 401(k) Plan end-of-year assets fell from $89M in the plan year 2023 filing to $84M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 381859358 · Novanta Corporation PY 2024 · 401(k)

Novanta Ati 401(k) Plan · $84M · 243 · 89th

  • PCT $84M
  • EIN 243
  • RANK 89th
  • PHOTO 401(k)
  • IND near Suit-Kote Corporation Employees' Retirement Plan
  • EOY ind #14930

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

Nba Retirement Plan for RefereesNba Retirement Plan for Refe…$84MSuit-Kote Corporation Employees' Retirement PlanSuit-Kote Corporation Employ…$84MGds Associates, Inc. 401(k) Profit Sharing & Salary Deferral PlanGds Associates, Inc. 401(k) …$84MFabcon Companies, LLC. Profit Sharing and 401(k) PlanFabcon Companies, LLC. Profi…$84MNovanta Ati 401(k) Plan$84M
End-of-year total assets ($M) among Novanta Ati 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Massachusetts filing particulars

Total Assets (Beginning of Year)$89M
Net Assets (End of Year)$84M
Net Income-$5M
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): 0.083682545 · Participants: 243Novanta Ati 401(k) PlanFidelity Retirement Savings Plan, Total assets ($B): 34.201609937 · Participants: 66907Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 11.352606499 · Participants: 34618Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 7.720373045 · Participants: 14762Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 6.775289067 · Participants: 20639Boston Scientific Corporation 401(k) Retirement Savings PlanState Street Salary Savings Program, Total assets ($B): 6.532301643 · Participants: 12777State Street Salary Savings Program
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 Suit-Kote Corporation Employees' Retirement Plan in NY ($84M); by covered participants it is Validatek Retirement Savings Plan in VA (243 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (243 participants); asset peers above are excluded.

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 Novanta Ati 401(k) Plan assets move in 2024? ▼
Novanta Ati 401(k) Plan pulled back noticeably - down 5.9% during 2024, from $89M to $84M. Reported net income was -$5M.
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 89th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile 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 Suit-Kote Corporation Employees' Retirement Plan in NY ($84M, 721 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 Validatek Retirement Savings Plan in VA (243 participants, $27M 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 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.