401(k) · DOL Form 5500 · 2022

American Well Corporation 401(k) Plan

Data updated 2026-08-25

$69M
Total assets Below avg plan size
816
Participants Near avg headcount
90th
Percentile by assets National rank
$84,681
Avg per participant Below avg balance/head
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Official DOL plan name: American Well Corporation 401(k) Plan · Sponsored by American Well Corporation · Massachusetts · Professional & Technical Services

$69M in assets, 816 participants

American Well Corporation's American Well Corporation 401(k) Plan reported $69M in total assets and 816 participants in its 2022 DOL Form 5500 filing, ranking in the 90th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #19,755 in Professional & Technical Services (21,562 peers)

Where American Well Corporation 401(k) Plan sits by assets

American Well Corporation 401(k) Plan sits in the top 10% of all filed plans by assets, $69M for 816 participants (~$84,681/participant), up 13.6% in 2022.

#19,755
in Professional & Technical Services (21,562 peers)
+13.6%
assets growth YoY
0.7×
vs typical plan assets (national mean)

American Well Corporation 401(k) Plan's outsized position by total assets

American Well Corporation 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$69,099,340 Top 10% higher than 90% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

American Well Corporation 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. American Well Corporation 401(k) Plan sits mid-pack in the medium band (816 participants).

Form 5500 schedule snapshot

Filing strip 205009396 · American Well Corporation PY 2022 · 401(k)

American Well Corporation 401(k) Plan · $69M · 816 · 90th

  • NET $69M
  • BOOK 816
  • VS-ST 90th
  • BOY 401(k)
  • SCH near The General Shale 401(k) Plan
  • EBSA ind #19755

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Professional & Technical Services retirement plans → · Plans in Massachusetts →

American Well Corporation 401(k) Plan in the asset neighbourhood

Jack Cooper 401(k) Plan$69MBressler, Amery & Ross P. C. 401(k) Profit Sharing PlanBressler, Amery & Ross P. C.…$69MAmerican Well Corporation 401(k) PlanAmerican Well Corporation 40…$69MThe General Shale 401(k) Plan$69MThe Retirement Plan of Pricesmart, Inc.The Retirement Plan of Price…$69M
End-of-year total assets ($M) among American Well Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$61M
Net Assets (End of Year)$69M
Net Income$1M
Employer EIN205009396
Plan Effective Date2007-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (American Well Corporation)

Sponsor-wide plan assets over time

All American Well Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$108M 56.82081768074775% vs 2022
2024 filing year
$60M$80M$100M$120M 202220232024 $69.1M $108M ▲ +56.8%
Year Plans Participants Total Assets
2022 1 816 $69M
2023 1 1,051 $94M
2024 1 1,047 $108M

Nearby 401(k) Plans in Massachusetts

Peer 401(k) plans, same state, same plan type, ranked by total assets.

American Well Corporation 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -100102030 Total assets ($B) Participants American Well Corporation 401(k) Plan, Total assets ($B): 0.06909934 · Participants: 816American Well Corporation 401(k) PlanFidelity Retirement Savings Plan, Total assets ($B): 22.953563448 · Participants: 52036Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 8.79802945 · Participants: 32843Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 5.810585521 · Participants: 13690Massachusetts Institute of Technology Supplemental 401(k) PlanPhilips North America 401(k) Plan, Total assets ($B): 5.180251859 · Participants: 19750Philips North America 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 4.853752256 · Participants: 18359Boston Scientific Corporation 401(k) Retirement Savings Plan
American Well Corporation 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare American Well Corporation 401(k) Plan side-by-side with 3 peers →

American Well Corporation 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is The General Shale 401(k) Plan in TN ($69M); by covered participants it is Pinstripes 401(k) Plan in IL (816 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($69M here).

Similar participant headcount

Nearest other-state filings by covered participants (816 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did American Well Corporation 401(k) Plan assets move in 2022? ▼
American Well Corporation 401(k) Plan grew at a solid clip - up 13.6% during 2022, from $61M to $69M. Reported net income was $1M.
How have American Well Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), American Well Corporation's sponsor-wide assets grew 56.8%, from $69M to $108M.
Where does American Well Corporation 401(k) Plan rank by assets among Form 5500 filers? ▼
American Well Corporation 401(k) Plan ranks in the 90th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to American Well Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is The General Shale 401(k) Plan in TN ($69M, 261 participants).
Which 401(k) plans cover a similar participant headcount to American Well Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Pinstripes 401(k) Plan in IL (816 participants, $191K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 205009396.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.