401(k) · DOL Form 5500 · 2022

Covenant Medical Group, Inc. 401(k) Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
236
Participants Below avg headcount
68th
Percentile by assets National rank
$50,070
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Covenant Medical Management 401(k) and Profit Sharing Plan · Sponsored by Covenant Medical Group, Inc. · Tennessee · Healthcare & Social Assistance

$12M in assets, 236 participants

Covenant Medical Group, Inc.'s Covenant Medical Management 401(k) and Profit Sharing Plan reported $12M in total assets and 236 participants in its 2022 DOL Form 5500 filing, ranking in the 68th 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.

  • #14,712 in Healthcare & Social Assistance (20,060 peers)

Coverage in Tennessee

Covenant Medical Management 401(k) and Profit Sharing Plan covers 236 participants in Tennessee, about 21% of the average Tennessee filer (state average ~1,126 per filing). Assets: $12M.

#14,712
in Healthcare & Social Assistance (20,060 peers)
-19.0%
assets change YoY

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Covenant Medical Management 401(k) and Profit Sharing Plan's outsized position by total assets

Covenant Medical Management 401(k) and Profit Sharing Plan vs every filed plan by assets

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

$11,816,522 Top 32% higher than 68% 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 Medical Management 401(k) and Profit Sharing 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. Covenant Medical Management 401(k) and Profit Sharing Plan sits mid-pack in the medium band (236 participants).

Form 5500 schedule snapshot

Filing strip 621282917 · Covenant Medical Group, Inc. PY 2022 · 401(k)

Covenant Medical Management 401(k) and Profit Sharing Plan · $12M · 236 · 68th

  • TYPE $12M
  • TYPE 236
  • TYPE 68th
  • TYPE 401(k)
  • TYPE near Legacy.Com 401(k) Plan
  • TYPE ind #14712

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 Medical Management 401(k) and Profit Sharing Plan in the asset neighbourhood

Covenant Medical Management 401(k) and Profit Sharing PlanCovenant Medical Management …$12MLegacy.Com 401(k) Plan$12MKelley Connect 401(k) Profit Sharing PlanKelley Connect 401(k) Profit…$12MTownsend Tree Service Company, Inc. Salaried Employees Retirement Savings PlanTownsend Tree Service Compan…$12MXla 401(k) Plan$12M
End-of-year total assets ($M) among Covenant Medical Management 401(k) and Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Tennessee filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$12M
Net Income-$3M
Employer EIN621282917
Plan Effective Date2003-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Covenant Medical Group, Inc.)

Sponsor-wide plan assets over time

All Covenant Medical Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$15M 23.829490606457636% vs 2022
2024 filing year
$11M$12M$13M$14M$15M 202220232024 $11.8M $14.6M ▲ +23.8%
Year Plans Participants Total Assets
2022 1 236 $12M
2023 1 222 $14M
2024 1 207 $15M

Nearby 401(k) Plans in Tennessee

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

Covenant Medical Management 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -50510152025 Total assets ($B) Participants Covenant Medical Management 401(k) and Profit Sharing Plan, Total assets ($B): 0.011816522 · Participants: 236Covenant Medical Management 401(k) and Profit Sharing 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 Medical Management 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare Covenant Medical Management 401(k) and Profit Sharing Plan side-by-side with 3 peers →

Covenant Medical Management 401(k) and Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Legacy.Com 401(k) Plan in IL ($12M); by covered participants it is Kamps Propane, Inc./Kiva Energy, Inc./Services Group, Inc. 401(k) Profit Sharing Plan in CA (236 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($12M here).

Similar participant headcount

Nearest other-state filings by covered participants (236 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 Medical Management 401(k) and Profit Sharing Plan assets move in 2022? ▼
Covenant Medical Management 401(k) and Profit Sharing Plan declined sharply - down 19.0% during 2022, from $15M to $12M. Reported net income was -$3M.
How have Covenant Medical Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Covenant Medical Group, Inc.'s sponsor-wide assets grew 23.8%, from $12M to $15M.
Which 401(k) plans are similar in size to Covenant Medical Management 401(k) and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Legacy.Com 401(k) Plan in IL ($12M, 227 participants).
Which 401(k) plans cover a similar participant headcount to Covenant Medical Management 401(k) and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Kamps Propane, Inc./Kiva Energy, Inc./Services Group, Inc. 401(k) Profit Sharing Plan in CA (236 participants, N/A 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 621282917.

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.