401(k) · DOL Form 5500 · 2023
Cardinal Health, Inc. 401(k) Plan
Data updated 2026-08-25
- $4.3B
- Total assets Very large vs avg
- 30,598
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $140,080
- Avg per participant Near avg balance/head
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.
- #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.
- #6,302
- in Wholesale Trade (6,309 peers)
- +15.5%
- assets growth YoY
- 43×
- vs typical plan assets (national mean)
Cardinal Health 401(k) Savings Plan's outsized position 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 Highest reported value at or above every one 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'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. Cardinal Health 401(k) Savings Plan is a mega filing (30,598 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → 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.
Plan-year Form 5500 strip
Filing strip 310958666 · Cardinal Health, Inc. PY 2023 · 401(k)
Cardinal Health 401(k) Savings Plan · $4.3B · 30,598 · 100th
- SCH $4.3B
- SCH 30,598
- SCH 100th
- SCH 401(k)
- SCH near Banner Health Employees 401(k) Plan
- SCH ind #6302
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 Wholesale Trade retirement plans → · Plans in Ohio →
Cardinal Health 401(k) Savings Plan in the asset neighbourhood
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.)
Sponsor-wide plan assets over time
All Cardinal Health, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $4.8B 28.524200908328684% vs 2022
- 2024 filing year
| 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.
- 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
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)
Cardinal Health 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Ohio, the nearest 401(k) by assets is Banner Health Employees 401(k) Plan in AZ ($4.3B); by covered participants it is Southeastern Grocers 401(k) Savings Plan in FL (30,611 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($4.3B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (30,598 participants); asset peers above are excluded.
- Southeastern Grocers 401(k) Savings Plan (FL) 30,611 · 13 off
- Kaiser Permanente Tax Sheltered Annuity Plan III (CA) 30,550 · 48 off
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees (MI) 30,516 · 82 off
- Sanford Retirement Savings Plan (ND) 30,495 · 103 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.