Bank of Nova Scotia 401(k) match, vesting and fees
What Bank of Nova Scotia's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | T Rowe Price Rps Inc | Schedule C ↗ |
| Independent auditor | KPMG LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 673 defined-contribution plans in finance and insurance with 1,000 to 4,999 participants.
| Bank of Nova Scotia: employer contribution per participant | $6,748 | |
| Peer median | $2,966 |
| Bank of Nova Scotia: average balance | $217,094 | |
| Peer median | $104,792 |
| Bank of Nova Scotia: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.10% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $434M at the end of plan year 2021 to $493M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,319 | $493M | $15.3M | $6,748 | 0.02% | Not published | Form 5500 ↗ |
| 2023 | 2,329 | $410M | $14.7M | $6,688 | 0.04% | Not published | Form 5500 ↗ |
| 2022 | 2,234 | $353M | $12.7M | $6,048 | 0.03% | Not published | Form 5500 ↗ |
| 2021 | 2,059 | $434M | $10.9M | $5,878 | 0.03% | Not published | Form 5500 ↗ |
Other Bank of Nova Scotia plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Scotiabank Pension Plan (United States)
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | KPMG LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Bank of Nova Scotia match 401(k) contributions?
The match terms for the Retirement Plan for Employees of Scotiabank U. S. 401(k) have not been published from its filing yet. The plan year 2024 filing reports $15.3M in employer contributions, about $6,748 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Bank of Nova Scotia 401(k) match vested?
The vesting schedule for the Retirement Plan for Employees of Scotiabank U. S. 401(k) is not in the data published so far. Your Summary Plan Description states it.
Who manages the Bank of Nova Scotia 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is T Rowe Price Rps Inc. The plan administrator is Bank of Nova Scotia.
I left Bank of Nova Scotia. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Bank of Nova Scotia, (437) 980-1843) or the recordkeeper, T Rowe Price Rps Inc. The Bank of Nova Scotia old 401(k) page lists the contacts from every plan filing. Find an old Bank of Nova Scotia 401(k)
Data from the public Form 5500 annual reports Bank of Nova Scotia filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Bank of Nova Scotia. Not financial advice. Report a correction · Methodology