Novartis Corporation Death Benefit And Disability Plan — Form 5500 plan (Novartis Corporation)

Plain-English plan 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, Novartis Corporation Death Benefit And Disability Plan is a benefit plan reported by Novartis Corporation under EIN 13-1834433 and plan number 542. The latest loaded filing year is 2023. The filing reports 15,536 participants and $44,080,710 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Novartis Corporation
EIN
13-1834433
Plan number
542
Plan type
2
Location
East Hanover, NJ
Latest filing year
2023
Participants
15,536
End-of-year plan assets
$44,080,710

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202315,536H, C20241007104731NAL0008800163001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$44,080,710
Total liabilities (EOY)
$0
Net assets (EOY)
$44,080,710
Net assets (BOY)
$37,714,070

Income & contributions

Employer contributions
$7,564,376
Participant contributions
$2,646,631
Total contributions
$10,211,007
Total income / additions
$16,761,692

Expenses & distributions

Benefits paid
$9,958,447
Administrative expenses
$436,605
Total expenses
$10,395,052
Net increase / (decrease)
$6,366,640

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Metropolitan Life Insurance Co.CONTRACT ADMINISTRATOR$352,609not reported in the loaded dataset2023
Northern TrustNONE$86,843not reported in the loaded dataset2023

Related Form 5500 pages