401(k) · DOL Form 5500 · 2022

Covenant Health 401(k) Plan

Data updated 2026-08-25

$662M
Total assets Above avg plan size
8,831
Participants Very large workforce
98th
Percentile by assets National rank
$74,951
Avg per participant Below avg balance/head
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Official DOL plan name: Covenant Health 401(k) Plan · Sponsored by Covenant Health · Tennessee · Healthcare & Social Assistance

$662M in assets, 8,831 participants

Covenant Health's Covenant Health 401(k) Plan reported $662M in total assets and 8,831 participants in its 2022 DOL Form 5500 filing, ranking in the 98th 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.

  • #19,778 in Healthcare & Social Assistance (20,060 peers)

Coverage in Tennessee

Covenant Health 401(k) Plan covers 8,831 participants in Tennessee, 7.8x the typical Tennessee plan (state average ~1,126 per filing). Assets: $662M.

#19,778
in Healthcare & Social Assistance (20,060 peers)
-19.0%
assets change YoY
6.6×
vs typical plan assets (national mean)

The plan reported a net loss of $156M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Covenant Health 401(k) Plan's outsized position by total assets

Covenant Health 401(k) Plan vs every filed plan by assets

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

$661,894,458 Top 2% higher than 98% 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

Covenant Health 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Covenant Health 401(k) Plan lands in the large band (8,831 participants).

EBSA filing schedule strip

Filing strip 621646734 · Covenant Health PY 2022 · 401(k)

Covenant Health 401(k) Plan · $662M · 8,831 · 98th

  • SCH $662M
  • EBSA 8,831
  • PART 98th
  • TYPE 401(k)
  • NET near Chick-Fil-a, Inc. 401(k) Plan
  • BOOK ind #19778

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 Healthcare & Social Assistance retirement plans → · Plans in Tennessee →

Covenant Health 401(k) Plan in the asset neighbourhood

Cdk Global, Inc. 401(k) Plan$663MCovenant Health 401(k) Plan$662MChick-Fil-a, Inc. 401(k) Plan$662MMaersk Inc. Savings Plan$661MScripps Clinic Medical Group, Inc. Retirement Savings PlanScripps Clinic Medical Group…$661M
End-of-year total assets ($M) among Covenant Health 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Tennessee filing particulars

Total Assets (Beginning of Year)$817M
Net Assets (End of Year)$662M
Net Income-$156M
Employer EIN621646734
Plan Effective Date1984-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Covenant Health)

Sponsor-wide plan assets over time

All Covenant Health plans reported in each filing year

Latest sponsor-wide plan assets
$894M 35.08040280343305% vs 2022
2024 filing year
$600M$700M$800M$900M$1,000M 202220232024 $662M $894M ▲ +35.1%
Year Plans Participants Total Assets
2022 1 8,831 $662M
2023 1 8,654 $783M
2024 1 9,347 $894M

Nearby 401(k) Plans in Tennessee

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

Covenant Health 401(k) Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -50510152025 Total assets ($B) Participants Covenant Health 401(k) Plan, Total assets ($B): 0.661894458 · Participants: 8831Covenant Health 401(k) PlanFedex Corporation Retirement Savings Plan, Total assets ($B): 21.031401128 · Participants: 220835Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 18.669830548 · Participants: 280576Hca 401(k) PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.178827147 · Participants: 11839International Paper Company Salaried Savings PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 4.035859621 · Participants: 5305Federal Express Corporation Pilots Retirement Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.015461486 · Participants: 62485Chs/Community Health Systems, Inc. Retirement Savings Plan
Covenant Health 401(k) Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare Covenant Health 401(k) Plan side-by-side with 3 peers →

Scale composition for Covenant Health 401(k) Plan

Covenant Health 401(k) Plan reports $662M in end-of-year assets across 8,831 participants (0.005% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.009% of 93,925,755 covered participants) - about $74,951 per participant (54% of the national average assets-per-participant) . Net income for plan year 2022 was -$156M.

This plan identity (EIN 621646734, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $662M to $894M (+35.1%) while covered participants moved from 8,831 to 9,347 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 8,831 $662M This page
2023 8,654 $783M Open filing
2024 · index core 9,347 $894M Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Covenant Health 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Chick-Fil-a, Inc. 401(k) Plan in GA ($662M); by covered participants it is Bp Employee Savings Plan in TX (8,831 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($662M here).

Similar participant headcount

Nearest other-state filings by covered participants (8,831 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 Covenant Health 401(k) Plan assets move in 2022? ▼
Covenant Health 401(k) Plan declined sharply - down 19.0% during 2022, from $817M to $662M. Reported net income was -$156M.
How have Covenant Health plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Covenant Health's sponsor-wide assets grew 35.1%, from $662M to $894M.
Where does Covenant Health 401(k) Plan rank by assets among Form 5500 filers? ▼
Covenant Health 401(k) Plan ranks in the 98th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Covenant Health 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Chick-Fil-a, Inc. 401(k) Plan in GA ($662M, 3,605 participants).
Which 401(k) plans cover a similar participant headcount to Covenant Health 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Bp Employee Savings Plan in TX (8,831 participants, $6.9B 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 621646734.

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.