Novant Health 401(k) match, vesting and fees
What Novant Health'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 | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Crowe 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 244 defined-contribution plans in health care and social assistance with 10,000 to 49,999 participants.
| Novant Health: employer contribution per participant | $3,314 | |
| Peer median | $2,155 |
| Novant Health: average balance | $36,744 | |
| Peer median | $66,935 |
| Novant Health: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.08% |
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 $1.6B at the end of plan year 2021 to $1.7B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 48,270 | $1.7B | $152M | $3,314 | 0.02% | Not published | Form 5500 ↗ |
| 2023 | 45,313 | $1.5B | $140M | $3,226 | <0.01% | Not published | Form 5500 ↗ |
| 2022 | 42,741 | $1.3B | $114M | $3,244 | 0.02% | Not published | Form 5500 ↗ |
| 2021 | 35,848 | $1.6B | $97.2M | $3,316 | 0.02% | Not published | Form 5500 ↗ |
Other Novant Health plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
The South Carolina Region 403(b) Plan
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 | Fidelity Investments Institutional | Schedule C ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Tax Deferred Savings Plan of Novant Health, Inc.
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 | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Crowe LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 403(b) · Active | Form 5500 ↗ |
Common questions
Does Novant Health match 401(k) contributions?
The match terms for the Savings and Supplemental Retirement Plan of Novant Health, Inc. have not been published from its filing yet. The plan year 2024 filing reports $152M in employer contributions, about $3,314 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Novant Health 401(k) match vested?
The vesting schedule for the Savings and Supplemental Retirement Plan of Novant Health, Inc. is not in the data published so far. Your Summary Plan Description states it.
Who manages the Novant Health 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Novant Health, Inc..
I left Novant Health. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Novant Health, Inc., (336) 277-1449) or the recordkeeper, Fidelity Investments Institutional. The Novant Health old 401(k) page lists the contacts from every plan filing. Find an old Novant Health 401(k)
Data from the public Form 5500 annual reports Novant Health 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 Novant Health. Not financial advice. Report a correction · Methodology