The Bank of Nova Scotia
Overview
The Bank of Nova Scotia sponsors a self-funded health plan that covered 1,358 participants in plan year 2025, down 9% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 1,358 · prior year 1,484
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Bank of Nova Scotia Health and Welfare Plan (actives), plan 506 (1,358 participants); Bank of Nova Scotia Health and Welfare Plan (retirees), plan 507 (281 participants)
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| American Family Life Insurance Co. of NY | Life, Long-term disability | 1,656 | $993K | — |
| American Family Life Assurance Co. of NY | Life | 278 | $432K | — |
| Zurich American Life Insurance Company of New York | Life, Long-term disability | 1,656 | $191K | — |
| The Society of Lloyd's | Business Travel Accident, Business Travel Out-Of-Country Coverage | 1,664 | $39K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,358 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- The Bank of Nova Scotia
- Sponsor EIN
- 13-4941099
- Plan numbers
- 506, 507
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 13-4941099 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Retirement Plan for Employees of Scotiabank U. S. 401(k)
- Type
- 401(k) plan
- Participants
- 2,518
About this data
Source: The Bank of Nova Scotia's Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with The Bank of Nova Scotia.