401(k) · DOL Form 5500 · 2022

Change Healthcare Operations, LLC 401(k) Plan

Data updated 2026-08-25

$763M
Total assets Above avg plan size
11,372
Participants Very large workforce
99th
Percentile by assets National rank
$67,094
Avg per participant Below avg balance/head
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Official DOL plan name: Change Healthcare 401(k) Savings Plan · Sponsored by Change Healthcare Operations, LLC · Minnesota · Professional & Technical Services

$763M in assets, 11,372 participants

Change Healthcare Operations, LLC's Change Healthcare 401(k) Savings Plan reported $763M in total assets and 11,372 participants in its 2022 DOL Form 5500 filing, ranking in the 99th 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.

  • #21,358 in Professional & Technical Services (21,562 peers)

Coverage in Minnesota

Change Healthcare 401(k) Savings Plan covers 11,372 participants in Minnesota, 10x the typical Minnesota plan (state average ~1,126 per filing). Assets: $763M.

#21,358
in Professional & Technical Services (21,562 peers)
-16.1%
assets change YoY
7.7×
vs typical plan assets (national mean)

The plan reported a net loss of $113M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Change Healthcare 401(k) Savings Plan's outsized position by total assets

Change Healthcare 401(k) Savings Plan vs every filed plan by assets

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

$762,998,275 Top 1% higher than 99% 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

Change Healthcare 401(k) Savings Plan's mega-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Change Healthcare 401(k) Savings Plan is a mega filing (11,372 participants), the rightmost band on the breakdown.

Published 5500 schedule card

Filing strip 205731067 · Change Healthcare Operations, LLC PY 2022 · 401(k)

Change Healthcare 401(k) Savings Plan · $763M · 11,372 · 99th

  • 5500 $763M
  • 5500 11,372
  • 5500 99th
  • 5500 401(k)
  • 5500 near First National of Nebraska, Inc. First Savings Plan
  • 5500 ind #21358

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 Minnesota →

Change Healthcare 401(k) Savings Plan in the asset neighbourhood

Flightsafety Employees' 401(k) Retirement PlanFlightsafety Employees' 401(…$764MFirst National of Nebraska, Inc. First Savings PlanFirst National of Nebraska, …$764MChange Healthcare 401(k) Savings PlanChange Healthcare 401(k) Sav…$763MSnap-on Incorporated 401(k) Savings PlanSnap-on Incorporated 401(k) …$762MAhold USA, Inc. 401(k) Savings Plan for Union AssociatesAhold USA, Inc. 401(k) Savin…$761M
End-of-year total assets ($M) among Change Healthcare 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$909M
Net Assets (End of Year)$763M
Net Income-$113M
Employer EIN205731067
Plan Effective Date2006-11-16
Filing StatusFILING RECEIVED

Sponsor Plan History (Change Healthcare Operations, LLC)

Sponsor-wide plan assets over time

All Change Healthcare Operations, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$806M 5.697039485443136% vs 2022
2023 filing year
$740M$760M$780M$800M$820M 20222023 $763M $806M ▲ +5.7%
Year Plans Participants Total Assets
2022 1 11,372 $763M
2023 2 21,552 $806M

Nearby 401(k) Plans in Minnesota

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

Change Healthcare 401(k) Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Change Healthcare 401(k) Savings Plan, Total assets ($B): 0.762998275 · Participants: 11372Change Healthcare 401(k) Savings PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
Change Healthcare 401(k) Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Change Healthcare 401(k) Savings Plan side-by-side with 3 peers →

Change Healthcare 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is First National of Nebraska, Inc. First Savings Plan in NE ($764M); by covered participants it is Kforce 401(k) Retirement Savings Plan in FL (11,375 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (11,372 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 Change Healthcare 401(k) Savings Plan assets move in 2022? ▼
Change Healthcare 401(k) Savings Plan declined sharply - down 16.1% during 2022, from $909M to $763M. Reported net income was -$113M.
How have Change Healthcare Operations, LLC plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Change Healthcare Operations, LLC's sponsor-wide assets grew 5.7%, from $763M to $806M.
Where does Change Healthcare 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Change Healthcare 401(k) Savings Plan ranks in the 99th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Change Healthcare 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is First National of Nebraska, Inc. First Savings Plan in NE ($764M, 4,605 participants).
Which 401(k) plans cover a similar participant headcount to Change Healthcare 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Kforce 401(k) Retirement Savings Plan in FL (11,375 participants, $209M 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 205731067.

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.