401(k) · DOL Form 5500 · 2024

Novanta Corporation 401(k) Plan

Data updated 2026-08-11

$187M
Total assets
943
Participants
94th
Percentile by assets
$198,209
Avg per participant
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Official DOL plan name: Novanta Corporation 401(k) Plan · Sponsored by Novanta Corporation · Massachusetts · Manufacturing

$187M in assets, 943 participants

Novanta Corporation's Novanta Corporation 401(k) Plan reported $187M in total assets and 943 participants in its 2024 DOL Form 5500 filing, ranking in the 94th 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.

  • 94th percentile by assets (of 123,622 plans)
  • #16,165 in Manufacturing (17,777 peers)

Where Novanta Corporation 401(k) Plan sits by assets

Novanta Corporation 401(k) Plan sits in the top 10% of all filed plans by assets, $187M for 943 participants (~$198,209/participant), up 15.5% in 2024.

$187M
total plan assets (2024 EOY)
943
covered participants
94th
percentile by assets (of 123,622 plans)
$198,209
avg assets per participant

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

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

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

$186,911,210 Top 6% higher than 94% of 123,620 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 2024

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Novanta Corporation 401(k) Plan end-of-year assets rose from $162M in the plan year 2023 filing to $187M in the plan year 2024 filing.
  • Novanta Corporation 401(k) Plan reported net income rose from $23M in the plan year 2023 filing to $25M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Massachusetts
Industry
Manufacturing

Novanta Corporation 401(k) Plan vs the 2024 asset distribution

By assets, Novanta Corporation 401(k) Plan outranks 94% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.9x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$162M
Net Assets (End of Year)$187M
Net Income$25M
Employer EIN381859358
Plan Effective Date1984-03-01
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 Corporation 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Novanta Corporation …, Total assets ($B): 0.18691121 · Participants: 943Novanta Corporation …Fidelity Retirement …, Total assets ($B): 34.201609937 · Participants: 66907Fidelity Retirement …Liberty Mutual 401(k…, Total assets ($B): 11.352606499 · Participants: 34618Liberty Mutual 401(k…Massachusetts Instit…, Total assets ($B): 7.720373045 · Participants: 14762Massachusetts Instit…Boston Scientific Co…, Total assets ($B): 6.775289067 · Participants: 20639Boston Scientific Co…State Street Salary …, Total assets ($B): 6.532301643 · Participants: 12777State Street Salary …
Novanta Corporation 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Novanta Corporation 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

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

Frequently Asked Questions

How did Novanta Corporation 401(k) Plan assets move in 2024? ▼
Novanta Corporation 401(k) Plan grew sharply - up 15.5% during 2024, from $162M to $187M. Reported net income was $25M.
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 Corporation 401(k) Plan rank by assets among Form 5500 filers? ▼
Novanta Corporation 401(k) Plan ranks in the 94th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Novanta Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Simmons Foods, Inc. 401(k) Retirement and Trust Plan in AR ($187M, 7,323 participants).

Next read for Novanta Corporation 401(k) Plan

Scale reading

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

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.