Employers › Bank of Nova Scotia
Recordkeeping fees per participant · Retirement Plan for Employees of Scotiabank U. S. 401(k) · plan year 2024
$8.74
Higher than 8% of the 1,697 plans $250M to 1B that report it.
= $19,839 / 2,269
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251010104843NAL0007979441001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010104843NAL0007979441001, received 2025-10-10
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-10.
Administrative expenses excluding investment management, per participant
$34.57
Higher than 19% of the 2,324 plans $250M to 1B that report it.
= $78,440 / 2,269
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251010104843NAL0007979441001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010104843NAL0007979441001, received 2025-10-10
Administrative expenses per participant
$34.57
Higher than 13% of the 2,405 plans $250M to 1B that report it.
= $78,440 / 2,269
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010104843NAL0007979441001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010104843NAL0007979441001, received 2025-10-10
Administrative expenses as a share of assets
0.016%
Higher than 9% of the 2,407 plans $250M to 1B that report it.
= $78,440 / $492,647,008
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010104843NAL0007979441001, received 2025-10-10
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251010104843NAL0007979441001, received 2025-10-10
Employer contributions per participant
$6,748
Higher than 84% of the 2,457 plans $250M to 1B that report it.
= $15,312,218 / 2,269
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010104843NAL0007979441001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010104843NAL0007979441001, received 2025-10-10
Employer share of total contributions
38.8%
Higher than 73% of the 2,459 plans $250M to 1B that report it.
= $15,312,218 / $39,471,388
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010104843NAL0007979441001, received 2025-10-10
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251010104843NAL0007979441001, received 2025-10-10
Plan terms are not published in public filings.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251010104843NAL0007979441001, received 2025-10-10
| Field | Value | Source |
|---|---|---|
| Plan sponsor | BANK OF NOVA SCOTIA | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Plan name | RETIREMENT PLAN FOR EMPLOYEES OF SCOTIABANK U. S. 401(K) | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Sponsor EIN / plan number | 13-4941099 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Filing received | 2025-10-10 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Participants, beginning of year | 2,324 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Active participants | 1,417 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Participants, end of year | 2,319 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Participants with an account balance | 2,269 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Total assets, beginning of year | $409,989,203 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Total assets, end of year | $492,647,008 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Net assets, end of year | $492,586,981 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Total income | $113,103,102 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Net income | $82,652,991 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Employer contributions | $15,312,218 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Participant contributions | $20,812,209 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Other contributions (incl. rollovers) | $3,346,961 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Total contributions | $39,471,388 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Benefit payments | $30,371,671 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Total expenses (incl. benefit payments) | $30,450,111 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Total administrative expenses | $78,440 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Recordkeeping fees | $19,839 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| IQPA audit fees | $52,687 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Administrative expenses excluding investment management | $78,440 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Held in common/collective trusts | $170,916,207 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Held in mutual funds | $318,987,949 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251010104843NAL0007979441001, received 2025-10-10 |
| Independent auditor | KPMG LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251010104843NAL0007979441001, received 2025-10-10 |
Position = column in the DOL layout for form year 2024. Filing 20251010104843NAL0007979441001, received 2025-10-10.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| KPMG LLP | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $52,687 | no |
| T ROWE PRICE RPS INCrecordkeeper | NONE | 15 Recordkeeping and information management; 21 Trustee (bank, trust company or similar); 25 Trustee (directed); 28 Investment management; 37 Participant loan processing; 38 Participant communication; 49 Other services; 50 Direct payment from the plan; 52 Investment management fees paid indirectly by plan; 59 Shareholder servicing fees; 62 Float revenue; 64 Recordkeeping fees; 65 Account maintenance fees | $19,839 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251010104843NAL0007979441001, received 2025-10-10.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $409,989,203 | $492,647,008 | 20.2% |
| Participants with a balance | 2,196 | 2,269 | 3.3% |
| Administrative expenses | $138,903 | $78,440 | -43.5% |
| Recordkeeping fees per participant | $8.68 | $8.74 | 0.7% |
| Employer contributions | $14,686,205 | $15,312,218 | 4.3% |
Prior filing 20241012133247NAL0011772115001, received 2024-10-12; the plan years are contiguous.
Sponsor name as filed: BANK OF NOVA SCOTIA; SEC registrant: BANK OF NOVA SCOTIA (CIK 9631, matched by EIN).