2023 Form 5500 filing — Novartis Corporation Post Employment Welfare Benefit 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 20241007104813NAL0030634018001) for Novartis Corporation Post Employment Welfare Benefit Plan, reported by Novartis Corporation under EIN 13-1834433 and plan number 541. It reports 9,226 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241007104813NAL0030634018001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Novartis Corporation
- EIN
- 13-1834433
- Plan number
- 541
- Location
- East Hanover, NJ
- Participants
- 9,226
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $73,360,633
- Total liabilities (EOY)
- $2,089,140
- Net assets (EOY)
- $71,271,493
- Employer contributions
- $30,453,657
- Participant contributions
- $13,459,772
- Total income / additions
- $55,736,710
- Benefits paid
- $42,744,573
- Administrative expenses
- $1,766,922
- Total expenses
- $44,511,495
- Net increase / (decrease)
- $11,225,215
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Horizon Healthcare Services Inc | CONTRACT ADMINISTRATOR | $698,797 | $28,392 |
| Part D Advisors | NONE | $629,265 | not reported in the loaded dataset |
| Prudential Insurance Co. | NONE | $235,501 | $0 |
| Cvs Pharmacy, Inc | CONTRACT ADMINISTRATOR | $135,278 | not reported in the loaded dataset |
| Flipt, LLC | CLAIMS PROCESSOR | $130,037 | not reported in the loaded dataset |
| Alight | NONE | $95,800 | not reported in the loaded dataset |