Novo Nordisk Inc. 401(k) Plan: Login, Facts & Contact Information

Novo Nordisk Inc. 401(k) Plan Facts

Plan name
NOVO NORDISK INC. 401(K) SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
NOVO NORDISK INC.
Participants
10,335 (8,783 active employees)
Former employees with a balance
2,502
Plan assets
$2,538,744,944 at Dec 31, 2024
Average account balance
$225,626 across 11,252 accounts
Employer contributions
$38,573,672 in plan year 2024 (18% of all contributions)
Recordkeeper
Schwab Retirement Plan Services,inc
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1983
✓ 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 Jul 17, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $213.6 million went into the plan in contributions, $38.6 million of it from the employer (18%).
  • $181.0 million was paid out to participants.
  • Investment and other income added $204.6 million.
  • Administrative expenses were $903,358, about $80 per account.

How the Novo Nordisk Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20197,859$1.49 billion$18.3 million$126.0 million
20207,858$1.74 billion$19.6 million$106.2 million
20218,587$2.00 billion$20.7 million$224.2 million
20228,123$1.77 billion$23.8 million$123.7 million
20239,277$2.30 billion$31.9 million$116.3 million
202410,335$2.54 billion$38.6 million$181.0 million

Novo Nordisk Inc. 401(k) Contact Information

Phone
609-987-5855
Mailing address
800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Plan sponsor
NOVO NORDISK INC.
Employer identification number (EIN)
06-1061602
Plan number
001

Questions about the Novo Nordisk Inc. 401(k)

Does Novo Nordisk Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $38.6 million, 18% of all contributions.

Does the Novo Nordisk Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Novo Nordisk Inc 401(k) plan?

10,335 participants at the start of plan year 2024, 8,783 of them active employees, and 2,502 former employees who still had money in the plan.

What is the average 401(k) balance at Novo Nordisk Inc?

About $225,626 per account: $2.54 billion in plan assets across 11,252 accounts with a balance at the end of plan year 2024.

Who manages the Novo Nordisk Inc 401(k) accounts?

Schwab Retirement Plan Services (listed on the filing as SCHWAB RETIREMENT PLAN SERVICES,INC) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Novo Nordisk Inc. How do I access my 401(k)?

Your account stays with Schwab Retirement Plan Services 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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