401(k) · DOL Form 5500 · 2024

Novanta Corporation 401(k) Plan

Data updated 2026-08-25

$187M
Total assets Near avg plan size
943
Participants Near avg headcount
94th
Percentile by assets National rank
$198,209
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#16,165
in Manufacturing (17,777 peers)
+15.5%
assets growth YoY
1.9×
vs typical plan assets (national mean)

Novanta Corporation 401(k) Plan's outsized position 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 $2,050,000,000 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 Corporation 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 Corporation 401(k) Plan sits mid-pack in the medium band (943 participants).

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 →

Published 5500 schedule card

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

Novanta Corporation 401(k) Plan · $187M · 943 · 94th

  • PART $187M
  • TYPE 943
  • NET 94th
  • BOOK 401(k)
  • VS-ST near Simmons Foods, Inc. 401(k) Retirement and Trust Plan
  • BOY ind #16165

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 Corporation 401(k) Plan in the asset neighbourhood

Tallgrass Management LLC 401(k) Savings PlanTallgrass Management LLC 401…$187MCapital Accumulation Plan$187MNovanta Corporation 401(k) PlanNovanta Corporation 401(k) P…$187MSimmons Foods, Inc. 401(k) Retirement and Trust PlanSimmons Foods, Inc. 401(k) R…$187MMlmic Deferred Profit Sharing and 401(k) PlanMlmic Deferred Profit Sharin…$187M
End-of-year total assets ($M) among Novanta Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

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)

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 Corporation 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Novanta Corporation 401(k) Plan, Total assets ($B): 0.18691121 · Participants: 943Novanta Corporation 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 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 →

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

Outside Massachusetts, the nearest 401(k) by assets is Simmons Foods, Inc. 401(k) Retirement and Trust Plan in AR ($187M); by covered participants it is Rs Americas, Inc. 401(k) in TX (943 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($187M here).

Similar participant headcount

Nearest other-state filings by covered participants (943 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 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).
Which 401(k) plans cover a similar participant headcount to Novanta Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Rs Americas, Inc. 401(k) in TX (943 participants, $110M 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.