2023 Form 5500 filing — Novartis Corporation Death Benefit And Disability Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241007104731NAL0008800163001) for Novartis Corporation Death Benefit And Disability Plan, reported by Novartis Corporation under EIN 13-1834433 and plan number 542. It reports 15,536 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$44.1MReported net assets$44,080,710
Participants15.5K15,536
Provider compensation$439.5K2 Schedule C row(s)$439,452
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241007104731NAL0008800163001
- Plan sponsor
- Novartis Corporation
- EIN
- 13-1834433
- Plan number
- 542
- Location
- East Hanover, NJ
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$44.1M total assets
Net assets$44.1MLiabilities$0
Full reported line items
- Total assets (EOY)
- $44,080,710
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $44,080,710
- Employer contributions
- $7,564,376
- Participant contributions
- $2,646,631
- Total income / additions
- $16,761,692
- Benefits paid
- $9,958,447
- Administrative expenses
- $436,605
- Total expenses
- $10,395,052
- Net increase / (decrease)
- $6,366,640
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Metropolitan Life Insurance Co. | CONTRACT ADMINISTRATOR | $352,609 | not reported in the loaded dataset |
| Northern Trust | NONE | $86,843 | not reported in the loaded dataset |