401(k) · DOL Form 5500 · 2023

Inovalon, Inc. 401(k) Plan

Data updated 2026-08-25

$200M
Total assets Near avg plan size
1,694
Participants Near avg headcount
95th
Percentile by assets National rank
$117,835
Avg per participant Below avg balance/head
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Official DOL plan name: Inovalon, Inc. 401(k) Retirement Savings Plan · Sponsored by Inovalon, Inc. · Maryland · Professional & Technical Services

$200M in assets, 1,694 participants

Inovalon, Inc.'s Inovalon, Inc. 401(k) Retirement Savings Plan reported $200M in total assets and 1,694 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • #19,503 in Professional & Technical Services (20,321 peers)

Where Inovalon, Inc. 401(k) Retirement Savings Plan sits by assets

Inovalon, Inc. 401(k) Retirement Savings Plan sits in the top 5% of all filed plans by assets, $200M for 1,694 participants (~$117,835/participant), up 9.8% in 2023.

#19,503
in Professional & Technical Services (20,321 peers)
+9.8%
assets growth YoY
2.0×
vs typical plan assets (national mean)

Inovalon, Inc. 401(k) Retirement Savings Plan's outsized position by total assets

Inovalon, Inc. 401(k) Retirement Savings Plan vs every filed plan by assets

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

$199,611,945 Top 5% higher than 95% 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

Inovalon, Inc. 401(k) Retirement Savings Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Inovalon, Inc. 401(k) Retirement Savings Plan lands in the large band (1,694 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Inovalon, Inc. 401(k) Retirement Savings Plan reported net income rose from -$17M in the plan year 2022 filing to $37M in the plan year 2023 filing.
  • Inovalon, Inc. 401(k) Retirement Savings Plan end-of-year assets rose from $182M in the plan year 2022 filing to $200M in the plan year 2023 filing.
  • Inovalon, Inc. 401(k) Retirement Savings Plan reported participants rose from 1,670 in the plan year 2022 filing to 1,694 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 711017974 · Inovalon, Inc. PY 2023 · 401(k)

Inovalon, Inc. 401(k) Retirement Savings Plan · $200M · 1,694 · 95th

  • NET $200M
  • NET 1,694
  • NET 95th
  • NET 401(k)
  • NET near 401(k)/Profit Sharing Plan and Trust for Wake Radiology Consultants, P.a.
  • NET ind #19503

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 Maryland →

Inovalon, Inc. 401(k) Retirement Savings Plan in the asset neighbourhood

Horizon Media, LLC 401(k) Retirement Savings PlanHorizon Media, LLC 401(k) Re…$200M401(k)/Profit Sharing Plan and Trust for Wake Radiology Consultants, P.a.401(k)/Profit Sharing Plan a…$200MInovalon, Inc. 401(k) Retirement Savings PlanInovalon, Inc. 401(k) Retire…$200MFoundation Building Materials 401(k) Profit Sharing Plan and TrustFoundation Building Material…$200MPage Southerland Page 401(k) PlanPage Southerland Page 401(k)…$200M
End-of-year total assets ($M) among Inovalon, Inc. 401(k) Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$182M
Net Assets (End of Year)$200M
Net Income$37M
Employer EIN711017974
Plan Effective Date2007-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Inovalon, Inc.)

Sponsor-wide plan assets over time

All Inovalon, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$233M 28.031406550724675% vs 2022
2024 filing year
$160M$180M$200M$220M$240M 202220232024 $182M $233M ▲ +28.0%
Year Plans Participants Total Assets
2022 1 1,670 $182M
2023 1 1,694 $200M
2024 1 1,770 $233M

Nearby 401(k) Plans in Maryland

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

Inovalon, Inc. 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Inovalon, Inc. 401(k) Retirement Savings Plan, Total assets ($B): 0.199611945 · Participants: 1694Inovalon, Inc. 401(k) Retirement Savings PlanLockheed Martin Corporation Salaried Savings Plan, Total assets ($B): 47.273019756 · Participants: 91511Lockheed Martin Corporation Salaried Savings PlanMarriott Retirement Savings Plan, Total assets ($B): 10.20606962 · Participants: 96415Marriott Retirement Savings PlanT. Rowe Price U.S. Retirement Program, Total assets ($B): 4.357344903 · Participants: 6292T. Rowe Price U.S. Retirement ProgramNfl Player Second Career Savings Plan, Total assets ($B): 3.951576315 · Participants: 2767Nfl Player Second Career Savings PlanSodexo 401 (K) Employees' Retirement Savings Plan and Trust, Total assets ($B): 2.217483854 · Participants: 80121Sodexo 401 (K) Employees' Retirement Savings Plan and Trust
Inovalon, Inc. 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Maryland, assets vs. participants
Compare Inovalon, Inc. 401(k) Retirement Savings Plan side-by-side with 3 peers →

Inovalon, Inc. 401(k) Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Maryland, the nearest 401(k) by assets is 401(k)/Profit Sharing Plan and Trust for Wake Radiology Consultants, P.a. in NC ($200M); by covered participants it is Performance Automotive 401(k) Plan in OH (1,694 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,694 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 Inovalon, Inc. 401(k) Retirement Savings Plan assets move in 2023? ▼
Inovalon, Inc. 401(k) Retirement Savings Plan grew at a solid clip - up 9.8% during 2023, from $182M to $200M. Reported net income was $37M.
How have Inovalon, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Inovalon, Inc.'s sponsor-wide assets grew 28.0%, from $182M to $233M.
Where does Inovalon, Inc. 401(k) Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Inovalon, Inc. 401(k) Retirement Savings Plan ranks in the 95th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Inovalon, Inc. 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is 401(k)/Profit Sharing Plan and Trust for Wake Radiology Consultants, P.a. in NC ($200M, 389 participants).
Which 401(k) plans cover a similar participant headcount to Inovalon, Inc. 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Performance Automotive 401(k) Plan in OH (1,694 participants, $92M 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 711017974.

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.