Novartis Corporation Post Employment Welfare Benefit 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 Post Employment Welfare Benefit Plan is a benefit plan reported by Novartis Corporation under EIN 13-1834433 and plan number 541. The latest loaded filing year is 2023. The filing reports 9,226 participants and $73,360,633 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Novartis Corporation
- EIN
- 13-1834433
- Plan number
- 541
- Plan type
- 2
- Location
- East Hanover, NJ
- Latest filing year
- 2023
- Participants
- 9,226
- End-of-year plan assets
- $73,360,633
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 9,226 | H, C | 20241007104813NAL0030634018001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $73,360,633
- Total liabilities (EOY)
- $2,089,140
- Net assets (EOY)
- $71,271,493
- Net assets (BOY)
- $60,046,278
Income & contributions
- Employer contributions
- $30,453,657
- Participant contributions
- $13,459,772
- Total contributions
- $43,913,429
- Total income / additions
- $55,736,710
Expenses & distributions
- Benefits paid
- $42,744,573
- Administrative expenses
- $1,766,922
- Total expenses
- $44,511,495
- Net increase / (decrease)
- $11,225,215
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Horizon Healthcare Services Inc | CONTRACT ADMINISTRATOR | $698,797 | $28,392 | 2023 |
| Part D Advisors | NONE | $629,265 | not reported in the loaded dataset | 2023 |
| Prudential Insurance Co. | NONE | $235,501 | $0 | 2023 |
| Cvs Pharmacy, Inc | CONTRACT ADMINISTRATOR | $135,278 | not reported in the loaded dataset | 2023 |
| Flipt, LLC | CLAIMS PROCESSOR | $130,037 | not reported in the loaded dataset | 2023 |
| Alight | NONE | $95,800 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Novartis Corporation
- 2023 Form 5500 filing
- Form 5500 filings in NJ
- 401(k) and benefit plan filings in East Hanover, NJ
- Horizon Healthcare Services Inc — Schedule C compensation
- Part D Advisors — Schedule C compensation
- Prudential Insurance Co. — Schedule C compensation
- Cvs Pharmacy, Inc — Schedule C compensation
- Flipt, LLC — Schedule C compensation
- Alight — Schedule C compensation