401(k) · DOL Form 5500 · 2024

Nov Inc. 401(k) Plan

Data updated 2026-08-25

$1.6B
Total assets Very large vs avg
11,249
Participants Very large workforce
99th
Percentile by assets National rank
$146,382
Avg per participant Above avg balance/head
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Official DOL plan name: Nov Inc. 401(k) Plan · Sponsored by Nov Inc. · Texas · Manufacturing

$1.6B in assets, 11,249 participants

Nov Inc.'s Nov Inc. 401(k) Plan reported $1.6B in total assets and 11,249 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.

  • #17,470 in Manufacturing (17,777 peers)

Coverage in Texas

Nov Inc. 401(k) Plan covers 11,249 participants in Texas, 16x the typical Texas plan (state average ~688 per filing). Assets: $1.6B.

#17,470
in Manufacturing (17,777 peers)
+8.7%
assets growth YoY
17×
vs typical plan assets (national mean)

Nov Inc. 401(k) Plan's outsized position by total assets

Nov Inc. 401(k) Plan vs every filed plan by assets

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

$1,646,646,421 Top 1% higher than 99% 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

Nov Inc. 401(k) Plan's mega-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Nov Inc. 401(k) Plan is a mega filing (11,249 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Nov Inc. 401(k) Plan reported net income fell from $167M in the plan year 2023 filing to $132M in the plan year 2024 filing.
  • Nov Inc. 401(k) Plan end-of-year assets rose from $1.5B in the plan year 2023 filing to $1.6B in the plan year 2024 filing.
  • Nov Inc. 401(k) Plan reported participants rose from 10,830 in the plan year 2023 filing to 11,249 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 760475815 · Nov Inc. PY 2024 · 401(k)

Nov Inc. 401(k) Plan · $1.6B · 11,249 · 99th

  • IND $1.6B
  • IND 11,249
  • IND 99th
  • IND 401(k)
  • IND near Panasonic Retirement Savings and Investment Plan
  • IND ind #17470

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 Texas →

Nov Inc. 401(k) Plan in the asset neighbourhood

Nov Inc. 401(k) Plan$1.6BPanasonic Retirement Savings and Investment PlanPanasonic Retirement Savings…$1.7BHexagon Employee Retirement Savings PlanHexagon Employee Retirement …$1.7BGreenberg Traurig 401(k) Plan$1.6BDish Network Corporation 401(k) PlanDish Network Corporation 401…$1.6B
End-of-year total assets ($B) among Nov Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Texas filing particulars

Total Assets (Beginning of Year)$1.5B
Net Assets (End of Year)$1.6B
Net Income$132M
Employer EIN760475815
Plan Effective Date1987-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Nov Inc.)

Sponsor-wide plan assets over time

All Nov Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.7B 22.83822634919488% vs 2022
2024 filing year
$1.3B$1.4B$1.5B$1.6B$1.7B 202220232024 $1.35B $1.66B ▲ +23.0%
Year Plans Participants Total Assets
2022 1 9,540 $1.3B
2023 1 10,830 $1.5B
2024 2 11,429 $1.7B

Nearby 401(k) Plans in Texas

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

Nov Inc. 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. 050000100000150000 -1001020304050 Total assets ($B) Participants Nov Inc. 401(k) Plan, Total assets ($B): 1.646646421 · Participants: 11249Nov Inc. 401(k) PlanAT&T Retirement Savings Plan, Total assets ($B): 43.121795 · Participants: 109889AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 23.711 · Participants: 21990Exxonmobil Savings PlanChevron Employee Savings Investment Plan, Total assets ($B): 20.378704663 · Participants: 21505Chevron Employee Savings Investment PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 18.81200478 · Participants: 43873Caterpillar 401(k) Savings PlanSouthwest Airlines Co. Retirement Savings Plan, Total assets ($B): 16.991748637 · Participants: 67820Southwest Airlines Co. Retirement Savings Plan
Nov Inc. 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants
Compare Nov Inc. 401(k) Plan side-by-side with 3 peers →

Scale composition for Nov Inc. 401(k) Plan

Nov Inc. 401(k) Plan reports $1.6B in end-of-year assets across 11,249 participants (0.013% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.012% of 93,925,755 covered participants) - about $146,382 per participant (1.1x the national average assets-per-participant) . Net income for plan year 2024 was $132M.

This plan identity (EIN 760475815, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.3B to $1.6B (+22.2%) while covered participants moved from 9,540 to 11,249 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 9,540 $1.3B Open filing
2023 10,830 $1.5B Open filing
2024 · index core 11,249 $1.6B This page

Nov Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Texas, the nearest 401(k) by assets is Panasonic Retirement Savings and Investment Plan in NJ ($1.7B); by covered participants it is Mastercard Savings Plan in NY (11,252 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.6B here).

Similar participant headcount

Nearest other-state filings by covered participants (11,249 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 Nov Inc. 401(k) Plan assets move in 2024? ▼
Nov Inc. 401(k) Plan grew at a solid clip - up 8.7% during 2024, from $1.5B to $1.6B. Reported net income was $132M.
How have Nov Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Nov Inc.'s sponsor-wide assets grew 22.8%, from $1.3B to $1.7B.
Where does Nov Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Nov Inc. 401(k) Plan ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Nov Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Panasonic Retirement Savings and Investment Plan in NJ ($1.7B, 9,662 participants).
Which 401(k) plans cover a similar participant headcount to Nov Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Mastercard Savings Plan in NY (11,252 participants, $3.9B 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 760475815.

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.