Bank Of Nova Scotia 401(k) Plan: Login, Facts & Contact Information

Bank Of Nova Scotia 401(k) Plan Facts

Plan name
RETIREMENT PLAN FOR EMPLOYEES OF SCOTIABANK U. S. 401(K)
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
BANK OF NOVA SCOTIA
Participants
2,324 (1,417 active employees)
Former employees with a balance
783
Plan assets
$492,647,008 at Dec 31, 2024
Average account balance
$217,121 across 2,269 accounts
Employer contributions
$15,312,218 in plan year 2024 (39% of all contributions)
Recordkeeper
T Rowe Price Rps Inc
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jul 1, 1988
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 10, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $39.5 million went into the plan in contributions, $15.3 million of it from the employer (39%).
  • $30.4 million was paid out to participants.
  • Investment and other income added $73.6 million.
  • Administrative expenses were $78,440, about $35 per account.

How the Bank Of Nova Scotia 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20192,075$316.5 million$9.29 million$26.5 million
20202,159$359.7 million$10.9 million$34.7 million
20212,056$433.5 million$10.9 million$23.7 million
20222,055$352.7 million$12.7 million$26.2 million
20232,234$410.0 million$14.7 million$52.1 million
20242,324$492.6 million$15.3 million$30.4 million

Bank Of Nova Scotia 401(k) Contact Information

Phone
437-980-1843
Plan sponsor
BANK OF NOVA SCOTIA
Employer identification number (EIN)
13-4941099
Plan number
002

Questions about the Bank Of Nova Scotia 401(k)

Does Bank Of Nova Scotia contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $15.3 million, 39% of all contributions.

Does the Bank Of Nova Scotia 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Bank Of Nova Scotia 401(k) plan?

2,324 participants at the start of plan year 2024, 1,417 of them active employees, and 783 former employees who still had money in the plan.

What is the average 401(k) balance at Bank Of Nova Scotia?

About $217,121 per account: $492.6 million in plan assets across 2,269 accounts with a balance at the end of plan year 2024.

Who manages the Bank Of Nova Scotia 401(k) accounts?

T. Rowe Price (listed on the filing as T ROWE PRICE RPS INC) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Bank Of Nova Scotia. How do I access my 401(k)?

Your account stays with T. Rowe Price after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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