Defined Benefit (Pension) · DOL Form 5500 · 2024

The Bank of Nova Scotia Pension Plan

Data updated 2026-08-25

$117M
Total assets Near avg plan size
121
Participants Small participant base
92nd
Percentile by assets National rank
$966,730
Avg per participant High balance/head
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Official DOL plan name: Scotiabank Pension Plan (United States) · Sponsored by The Bank of Nova Scotia · · Finance & Insurance

$117M in assets, 121 participants

The Bank of Nova Scotia's Scotiabank Pension Plan (United States) reported $117M in total assets and 121 participants in its 2024 DOL Form 5500 filing, ranking in the 92nd 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.

  • #7,418 in Finance & Insurance (8,549 peers)

Where Scotiabank Pension Plan (United States) sits by assets

Scotiabank Pension Plan (United States) sits in the top 10% of all filed plans by assets, $117M for 121 participants (~$966,730/participant), up 3.8% in 2024.

#7,418
in Finance & Insurance (8,549 peers)
+3.8%
assets growth YoY
1.2×
vs typical plan assets (national mean)

Scotiabank Pension Plan (United States)'s outsized position by total assets

Scotiabank Pension Plan (United States) vs every filed plan by assets

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

$116,974,280 Top 8% higher than 92% 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

Scotiabank Pension Plan (United States) 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. Scotiabank Pension Plan (United States) sits mid-pack in the medium band (121 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Scotiabank Pension Plan (United States) reported net income fell from $12M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • Scotiabank Pension Plan (United States) reported participants fell from 147 in the plan year 2023 filing to 121 in the plan year 2024 filing.
  • Scotiabank Pension Plan (United States) end-of-year assets rose from $113M in the plan year 2023 filing to $117M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 134941099 · The Bank of Nova Scotia PY 2024 · Defined Benefit (Pension)

Scotiabank Pension Plan (United States) · $117M · 121 · 92nd

  • EOY $117M
  • 5500 121
  • ASSETS 92nd
  • PCT Defined Benefit (Pension)
  • EIN near Community Memorial Hospital Retirement Plan
  • RANK ind #7418

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 Finance & Insurance retirement plans →

Scotiabank Pension Plan (United States) in the asset neighbourhood

Hecla Mining Company Restated Retirement PlanHecla Mining Company Restate…$117MCommunity Memorial Hospital Retirement PlanCommunity Memorial Hospital …$117MCommonwealth Rolled Products, Inc. Hourly Employees Pension PlanCommonwealth Rolled Products…$117MScotiabank Pension Plan (United States)Scotiabank Pension Plan (Uni…$117MFlint Plumb & Pipe Pension FunFlint Plumb & Pipe Pension F…$117M
End-of-year total assets ($M) among Scotiabank Pension Plan (United States) and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$113M
Net Assets (End of Year)$117M
Net Income$4M
Employer EIN134941099
Plan Effective Date1974-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Bank of Nova Scotia)

Sponsor-wide plan assets over time

All The Bank of Nova Scotia plans reported in each filing year

Latest sponsor-wide plan assets
$610M 34.38940493999789% vs 2022
2024 filing year
$400M$450M$500M$550M$600M$650M 202220232024 $454M $610M ▲ +34.4%
Year Plans Participants Total Assets
2022 2 1,418 $454M
2023 2 1,493 $523M
2024 2 1,551 $610M

Nearby Defined Benefit (Pension) Plans in

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Scotiabank Pension Plan (United States) vs. nearby Defined Benefit (Pension) plans in , assets vs. participants Scatter plot of 6 data points. 050010001500 00.511.5 Total assets ($B) Participants Scotiabank Pension Plan (United States), Total assets ($B): 0.11697428 · Participants: 121Scotiabank Pension Plan (United States)Transocean U.S. Retirement Plan, Total assets ($B): 1.158215814 · Participants: 923Transocean U.S. Retirement PlanResolute Fp US Pension Plan, Total assets ($B): 0.640711164 · Participants: 261Resolute Fp US Pension PlanMagna U.S. Consolidated Pension Plan, Total assets ($B): 0.150991329 · Participants: 494Magna U.S. Consolidated Pension PlanPension Plan for Employees of the Govt of Canada Locally Engaged in the USA-Qualified Pension Plan, Total assets ($B): 0.141912296 · Participants: 333Pension Plan for Employees of the Govt of Canada Locally Engaged in the USA-Qualified Pension PlanDomtar US Hourly Pension Plan, Total assets ($B): 0.13962314 · Participants: 1206Domtar US Hourly Pension Plan
Scotiabank Pension Plan (United States) vs. nearby Defined Benefit (Pension) plans in , assets vs. participants

Scotiabank Pension Plan (United States)'s out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside this state, the nearest Defined Benefit (Pension) by assets is Community Memorial Hospital Retirement Plan in WI ($117M); by covered participants it is Communications Workers of America Plan for Employees' Pensions in DC (121 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (121 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 Scotiabank Pension Plan (United States) assets move in 2024? ▼
Scotiabank Pension Plan (United States) edged up modestly - up 3.8% during 2024, from $113M to $117M. Reported net income was $4M.
How have The Bank of Nova Scotia plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Bank of Nova Scotia's sponsor-wide assets grew 34.4%, from $454M to $610M.
Where does Scotiabank Pension Plan (United States) rank by assets among Form 5500 filers? ▼
Scotiabank Pension Plan (United States) ranks in the 92nd 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 Defined Benefit (Pension) plans are similar in size to Scotiabank Pension Plan (United States)? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Community Memorial Hospital Retirement Plan in WI ($117M, 304 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Scotiabank Pension Plan (United States)? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Communications Workers of America Plan for Employees' Pensions in DC (121 participants, $129M in assets).