401(k) · DOL Form 5500 · 2023

Unitedhealth Group Incorporated 401(k) Plan

Data updated 2026-08-25

$22.4B
Total assets Mega-plan scale
198,972
Participants Very large workforce
100th
Percentile by assets National rank
$112,740
Avg per participant Below avg balance/head
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Official DOL plan name: Unitedhealth Group 401(k) Savings Plan · Sponsored by Unitedhealth Group Incorporated · Minnesota · Professional & Technical Services

$22.4B in assets, 198,972 participants

Unitedhealth Group Incorporated's Unitedhealth Group 401(k) Savings Plan reported $22.4B in total assets and 198,972 participants in its 2023 DOL Form 5500 filing, ranking in the 100th 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.

  • #20,317 in Professional & Technical Services (20,321 peers)

Coverage in Minnesota

Unitedhealth Group 401(k) Savings Plan covers 198,972 participants in Minnesota, 177x the typical Minnesota plan (state average ~1,126 per filing). Assets: $22.4B.

#20,317
in Professional & Technical Services (20,321 peers)
+20.8%
assets growth YoY
225×
vs typical plan assets (national mean)

Unitedhealth Group 401(k) Savings Plan's outsized position by total assets

Unitedhealth Group 401(k) Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$22,432,100,178 Highest reported value at or above every one of 127,068 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 2023

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

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Unitedhealth Group 401(k) Savings Plan is a mega filing (198,972 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Unitedhealth Group 401(k) Savings Plan reported net income rose from -$2.9B in the plan year 2022 filing to $3.9B in the plan year 2023 filing.
  • Unitedhealth Group 401(k) Savings Plan end-of-year assets rose from $18.6B in the plan year 2022 filing to $22.4B in the plan year 2023 filing.
  • Unitedhealth Group 401(k) Savings Plan reported participants rose from 176,886 in the plan year 2022 filing to 198,972 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 411321939 · Unitedhealth Group Incorporated PY 2023 · 401(k)

Unitedhealth Group 401(k) Savings Plan · $22.4B · 198,972 · 100th

  • PART $22.4B
  • TYPE 198,972
  • NET 100th
  • BOOK 401(k)
  • VS-ST near Intel 401(k) Savings Plan
  • BOY ind #20317

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 →

Unitedhealth Group 401(k) Savings Plan in the asset neighbourhood

Unitedhealth Group 401(k) Savings PlanUnitedhealth Group 401(k) Sa…$22.4BIntel 401(k) Savings Plan$22.2BJohnson and Johnson Savings PlanJohnson and Johnson Savings …$22.2BExxonmobil Savings Plan$21.9BHca 401(k) Plan$21.5B
End-of-year total assets ($B) among Unitedhealth Group 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$18.6B
Net Assets (End of Year)$22.4B
Net Income$3.9B
Employer EIN411321939
Plan Effective Date1985-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Unitedhealth Group Incorporated)

Sponsor-wide plan assets over time

All Unitedhealth Group Incorporated plans reported in each filing year

Latest sponsor-wide plan assets
$26.6B 43.29359379551763% vs 2022
2024 filing year
$15B$20B$25B$30B 202220232024 $18.6B $26.6B ▲ +43.3%
Year Plans Participants Total Assets
2022 1 176,886 $18.6B
2023 1 198,972 $22.4B
2024 1 205,460 $26.6B

Nearby 401(k) Plans in Minnesota

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

Unitedhealth Group 401(k) Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. 0100000200000300000400000500000 510152025 Total assets ($B) Participants Unitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings PlanThe Travelers 401(k) Savings Plan, Total assets ($B): 9.215838883 · Participants: 29650The Travelers 401(k) Savings Plan
Unitedhealth Group 401(k) Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Unitedhealth Group 401(k) Savings Plan side-by-side with 3 peers →

Scale composition for Unitedhealth Group 401(k) Savings Plan

Unitedhealth Group 401(k) Savings Plan reports $22.4B in end-of-year assets across 198,972 participants (0.18% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.21% of 93,925,755 covered participants) - about $112,740 per participant (82% of the national average assets-per-participant) . Net income for plan year 2023 was $3.9B.

This plan identity (EIN 411321939, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $18.6B to $26.6B (+43.3%) while covered participants moved from 176,886 to 205,460 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 176,886 $18.6B Open filing
2023 198,972 $22.4B This page
2024 · index core 205,460 $26.6B Open filing

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

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

Outside Minnesota, the nearest 401(k) by assets is Intel 401(k) Savings Plan in CA ($22.2B); by covered participants it is Dollar General Corp 401(k) Savings and Retirement Plan in TN (199,599 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($22.4B here).

Similar participant headcount

Nearest other-state filings by covered participants (198,972 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Unitedhealth Group 401(k) Savings Plan assets move in 2023? ▼
Unitedhealth Group 401(k) Savings Plan grew sharply - up 20.8% during 2023, from $18.6B to $22.4B. Reported net income was $3.9B.
How have Unitedhealth Group Incorporated plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Unitedhealth Group Incorporated's sponsor-wide assets grew 43.3%, from $18.6B to $26.6B.
Where does Unitedhealth Group 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Unitedhealth Group 401(k) Savings Plan ranks in the 100th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Unitedhealth Group 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Intel 401(k) Savings Plan in CA ($22.2B, 59,863 participants).
Which 401(k) plans cover a similar participant headcount to Unitedhealth Group 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Dollar General Corp 401(k) Savings and Retirement Plan in TN (199,599 participants, $722M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 411321939.

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.