401(k) · DOL Form 5500 · 2024

Novelis Corp. 401(k) Plan

Data updated 2026-08-11

$1.5B
Total assets: 5,512
Participants: 99th
Percentile by assets: $270,562
Avg per participant

Official DOL plan name: Novelis Savings and Retirement Plan · Sponsored by Novelis Corp. · Georgia · Manufacturing

$1.5B in assets, 5,512 participants

Novelis Corp.'s Novelis Savings and Retirement Plan reported $1.5B in total assets and 5,512 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.

99th percentile by assets (of 123,622 plans)
#17,448 in Manufacturing (17,777 peers)

Coverage in Georgia

Novelis Savings and Retirement Plan covers 5,512 participants in Georgia, 5.0x the typical Georgia plan (state average ~1,096 per filing). Assets: $1.5B.

$1.5B
total plan assets (2024 EOY): 5,512
covered participants: 99th
percentile by assets (of 123,622 plans): $270,562
avg assets per participant

Novelis Savings and Retirement Plan reported net income fell from $212M in the plan year 2023 filing to $171M in the plan year 2024 filing.
Novelis Savings and Retirement Plan end-of-year assets rose from $1.3B in the plan year 2023 filing to $1.5B in the plan year 2024 filing.
Novelis Savings and Retirement Plan reported participants rose from 5,439 in the plan year 2023 filing to 5,512 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Georgia

Industry

Manufacturing

Participants vs Georgia filers

In Georgia, the average filing covers about 1,096 participants across 3,635 plans. Novelis Savings and Retirement Plan reports 5,512 participants - 5.0x that state average ($1.5B EOY assets).

Georgia filing particulars

Total Assets (Beginning of Year)	$1.3B
Net Assets (End of Year)	$1.5B
Net Income	$171M
Employer EIN	412098321
Plan Effective Date	2005-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Novelis Corp.)

Total plan assets by year, all Novelis Corp. plans on file

Year	Plans	Participants	Total Assets
2022	5	5,607	$1.6B
2023	5	5,993	$1.8B
2024	5	6,001	$1.9B

Nearby 401(k) Plans in Georgia

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

Novelis Savings and Retirement Plan vs. nearby 401(k) plans in Georgia, assets vs. participants

The Teamster - UPS National 401(k) Tax Deferred Savings Plan $19.3B · 452,126
Delta 401(k) Retirement Plan $19.0B · 89,836
Delta 401(k) Retirement Plan for Pilots $15.9B · 14,473
UPS 401(k) Savings Plan $14.2B · 95,250
The Home Depot Futurebuilder $14.1B · 398,464

Compare Novelis Savings and Retirement Plan side-by-side with 3 peers →

Scale composition for Novelis Savings and Retirement Plan

Novelis Savings and Retirement Plan reports $1.5B in end-of-year assets across 5,512 participants (0.012% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $270,562 per participant (2.0x the national average assets-per-participant) . Net income for plan year 2024 was $171M.

This plan identity (EIN 412098321, plan #034) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.1B to $1.5B (+34.7%) while covered participants moved from 5,007 to 5,512 . Single-year sparse filers cannot show that trail.

Plan year	Participants	EOY assets	Filing
2022	5,007	$1.1B	Open filing
2023	5,439	$1.3B	Open filing
2024 · index core	5,512	$1.5B	This page

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Novelis Pension Plan (Defined Benefit (Pension), $378M, 302 participants)

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Novelis Savings and Retirement Plan by total assets, not by location.

Savings Program for Employees of Consolidated Nuclear Security, LLC at the U.S. Department of Energy Facilities at Oak Ridge, Tennessee (TN) $1.5B · 6,683
Hcl America, Inc. 401(k) Plan (CA) $1.5B · 21,727
Arctic Slope Regional Corporation and Subsidiaries Employees Retirement Plan (AK) $1.5B · 15,504
Evonik Corporation 401(k) Savings Plan (NJ) $1.5B · 4,716

Frequently Asked Questions

How did Novelis Savings and Retirement Plan assets move in 2024? ▼

Novelis Savings and Retirement Plan grew at a solid clip - up 13.0% during 2024, from $1.3B to $1.5B. Reported net income was $171M.

How have Novelis Corp. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Novelis Corp.'s sponsor-wide assets grew 24.0%, from $1.6B to $1.9B.

Where does Novelis Savings and Retirement Plan rank by assets among Form 5500 filers? ▼

Novelis Savings and Retirement 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 Novelis Savings and Retirement Plan? ▼

Among 401(k) plans in other states, the closest by assets is Savings Program for Employees of Consolidated Nuclear Security, LLC at the U.S. Department of Energy Facilities at Oak Ridge, Tennessee in TN ($1.5B, 6,683 participants).

Next read for Novelis Savings and Retirement Plan

Filing takeaways

Ways to act on Novelis Savings and Retirement Plan's numbers.

By total assets, Novelis Savings and Retirement Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Georgia. Compare plans
Novelis Corp.'s sponsor-wide assets have grown 24.0% since 2022 across 3 plan years on file. More Manufacturing plans

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 412098321.