401(k) · DOL Form 5500 · 2023

Cardinal Health, Inc. 401(k) Plan

Data updated 2026-08-11

$4.3B
Total assets: 30,598
Participants: 100th
Percentile by assets: $140,080
Avg per participant

Official DOL plan name: Cardinal Health 401(k) Savings Plan · Sponsored by Cardinal Health, Inc. · Ohio · Wholesale Trade

$4.3B in assets, 30,598 participants

Cardinal Health, Inc.'s Cardinal Health 401(k) Savings Plan reported $4.3B in total assets and 30,598 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.

100th percentile by assets (of 127,072 plans)
#6,302 in Wholesale Trade (6,309 peers)

Coverage in Ohio

Cardinal Health 401(k) Savings Plan covers 30,598 participants in Ohio, 40x the typical Ohio plan (state average ~765 per filing). Assets: $4.3B.

$4.3B
total plan assets (2023 EOY): 30,598
covered participants: 100th
percentile by assets (of 127,072 plans): $140,080
avg assets per participant

Where Cardinal Health 401(k) Savings Plan sits by total assets

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

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

$4,286,171,017 Top 1% higher than 100% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Cardinal Health 401(k) Savings Plan reported net income rose from -$849M in the plan year 2022 filing to $574M in the plan year 2023 filing.
Cardinal Health 401(k) Savings Plan end-of-year assets rose from $3.7B in the plan year 2022 filing to $4.3B in the plan year 2023 filing.
Cardinal Health 401(k) Savings Plan reported participants rose from 29,541 in the plan year 2022 filing to 30,598 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Ohio

Industry

Wholesale Trade

Participants vs Ohio filers

In Ohio, the average filing covers about 765 participants across 5,089 plans. Cardinal Health 401(k) Savings Plan reports 30,598 participants - 40x that state average ($4.3B EOY assets).

Ohio filing particulars

Total Assets (Beginning of Year)	$3.7B
Net Assets (End of Year)	$4.3B
Net Income	$574M
Employer EIN	310958666
Plan Effective Date	1987-03-25
Filing Status	FILING RECEIVED

Sponsor Plan History (Cardinal Health, Inc.)

Total plan assets by year, all Cardinal Health, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	2	30,175	$3.7B
2023	2	31,249	$4.3B
2024	2	31,923	$4.8B

Nearby 401(k) Plans in Ohio

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

Cardinal Health 401(k) Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants

GE Retirement Savings Plan $19.5B · 59,766
The Sherwin-Williams Company 401(k) Plan $10.1B · 47,362
The Progressive 401(k) Plan $9.2B · 56,176
The Kroger Co. 401(k) Retirement Savings Account Plan $8.4B · 129,769
Nationwide Savings Plan $7.6B · 24,715

Compare Cardinal Health 401(k) Savings Plan side-by-side with 3 peers →

Scale composition for Cardinal Health 401(k) Savings Plan

Cardinal Health 401(k) Savings Plan reports $4.3B in end-of-year assets across 30,598 participants (0.035% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.033% of 93,925,755 covered participants) - about $140,080 per participant (1.0x the national average assets-per-participant) . Net income for plan year 2023 was $574M.

This plan identity (EIN 310958666, plan #055) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $3.7B to $4.8B (+28.4%) while covered participants moved from 29,541 to 31,275 . Single-year sparse filers cannot show that trail.

Plan year	Participants	EOY assets	Filing
2022	29,541	$3.7B	Open filing
2023	30,598	$4.3B	This page
2024 · index core	31,275	$4.8B	Open filing

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

Cardinal Health 401(k) Savings Plan (401(k), $4.8B, 31,275 participants)

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Cardinal Health 401(k) Savings Plan by total assets, not by location.

Banner Health Employees 401(k) Plan (AZ) $4.3B · 52,452
Visa 401(k) Plan (CA) $4.3B · 12,481
Dominion Energy Salaried Savings Plan (VA) $4.3B · 13,734
Upmc 401(a) Retirement Savings Plan (PA) $4.3B · 97,084

Frequently Asked Questions

How did Cardinal Health 401(k) Savings Plan assets move in 2023? ▼

Cardinal Health 401(k) Savings Plan grew sharply - up 15.5% during 2023, from $3.7B to $4.3B. Reported net income was $574M.

How have Cardinal Health, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Cardinal Health, Inc.'s sponsor-wide assets grew 28.5%, from $3.7B to $4.8B.

Where does Cardinal Health 401(k) Savings Plan rank by assets among Form 5500 filers? ▼

Cardinal Health 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 Cardinal Health 401(k) Savings Plan? ▼

Among 401(k) plans in other states, the closest by assets is Banner Health Employees 401(k) Plan in AZ ($4.3B, 52,452 participants).

Next read for Cardinal Health 401(k) Savings Plan

Filing takeaways

Ways to act on Cardinal Health 401(k) Savings Plan's numbers.

By total assets, Cardinal Health 401(k) Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Ohio. Compare plans
Cardinal Health, Inc.'s sponsor-wide assets have grown 28.5% since 2022 across 3 plan years on file. More Wholesale Trade plans

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 310958666.