401(k) · DOL Form 5500 · 2023

Magellan Health, Inc. 401(k) Plan

Data updated 2026-08-25

$614M
Total assets Above avg plan size
6,300
Participants Above avg headcount
98th
Percentile by assets National rank
$97,474
Avg per participant Below avg balance/head
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Official DOL plan name: Magellan Health, Inc. Retirement Savings Plan · Sponsored by Magellan Health, Inc. · Missouri · Professional & Technical Services

$614M in assets, 6,300 participants

Magellan Health, Inc.'s Magellan Health, Inc. Retirement Savings Plan reported $614M in total assets and 6,300 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

  • #20,029 in Professional & Technical Services (20,321 peers)

Coverage in Missouri

Magellan Health, Inc. Retirement Savings Plan covers 6,300 participants in Missouri, 8.5x the typical Missouri plan (state average ~737 per filing). Assets: $614M.

#20,029
in Professional & Technical Services (20,321 peers)
-3.9%
assets change YoY
6.2×
vs typical plan assets (national mean)

The plan reported a net loss of $25M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Magellan Health, Inc. Retirement Savings Plan's outsized position by total assets

Magellan Health, Inc. Retirement Savings Plan vs every filed plan by assets

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

$614,086,517 Top 2% higher than 98% 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

Magellan Health, Inc. 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. Magellan Health, Inc. Retirement Savings Plan lands in the large band (6,300 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Magellan Health, Inc. Retirement Savings Plan reported net income rose from -$142M in the plan year 2022 filing to -$25M in the plan year 2023 filing.
  • Magellan Health, Inc. Retirement Savings Plan reported participants fell from 8,656 in the plan year 2022 filing to 6,300 in the plan year 2023 filing.
  • Magellan Health, Inc. Retirement Savings Plan end-of-year assets fell from $639M in the plan year 2022 filing to $614M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 581076937 · Magellan Health, Inc. PY 2023 · 401(k)

Magellan Health, Inc. Retirement Savings Plan · $614M · 6,300 · 98th

  • VS-ST $614M
  • VS-ST 6,300
  • VS-ST 98th
  • VS-ST 401(k)
  • VS-ST near Entertainment Industry 401(k) Plan
  • VS-ST ind #20029

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 Missouri →

Magellan Health, Inc. Retirement Savings Plan in the asset neighbourhood

Rio Tinto America Inc. 401(k) Savings Plan and Investment Partnership PlanRio Tinto America Inc. 401(k…$615MSierra Pacific Ind Employees' Retirement PlanSierra Pacific Ind Employees…$615MLocal No. 8 IBEW Retirement Plan & TrustLocal No. 8 IBEW Retirement …$614MMagellan Health, Inc. Retirement Savings PlanMagellan Health, Inc. Retire…$614MEntertainment Industry 401(k) PlanEntertainment Industry 401(k…$614M
End-of-year total assets ($M) among Magellan Health, Inc. Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Missouri filing particulars

Total Assets (Beginning of Year)$639M
Net Assets (End of Year)$614M
Net Income-$25M
Employer EIN581076937
Plan Effective Date1999-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Magellan Health, Inc.)

Sponsor-wide plan assets over time

All Magellan Health, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$656M 2.750562028371433% vs 2022
2024 filing year
$600M$620M$640M$660M$680M 202220232024 $639M $656M ▲ +2.8%
Year Plans Participants Total Assets
2022 1 8,656 $639M
2023 1 6,300 $614M
2024 1 5,275 $656M

Nearby 401(k) Plans in Missouri

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

Magellan Health, Inc. Retirement Savings Plan vs. nearby 401(k) plans in Missouri, assets vs. participants Scatter plot of 6 data points. 020000400006000080000 051015 Total assets ($B) Participants Magellan Health, Inc. Retirement Savings Plan, Total assets ($B): 0.614086517 · Participants: 6300Magellan Health, Inc. Retirement Savings PlanEdward D. Jones & Co. Profit Sharing and 401(k) Plan, Total assets ($B): 10.594991308 · Participants: 49944Edward D. Jones & Co. Profit Sharing and 401(k) PlanBayer Corporation Savings and Retirement Plan, Total assets ($B): 10.333863661 · Participants: 19273Bayer Corporation Savings and Retirement PlanEnterprise Holdings Retirement Savings Plan, Total assets ($B): 5.607728879 · Participants: 66210Enterprise Holdings Retirement Savings PlanCentene Management Corporation Retirement Plan, Total assets ($B): 4.047068199 · Participants: 53822Centene Management Corporation Retirement PlanEmerson Electric Company Employee Savings Investment Plan, Total assets ($B): 3.563332746 · Participants: 10316Emerson Electric Company Employee Savings Investment Plan
Magellan Health, Inc. Retirement Savings Plan vs. nearby 401(k) plans in Missouri, assets vs. participants
Compare Magellan Health, Inc. Retirement Savings Plan side-by-side with 3 peers →

Scale composition for Magellan Health, Inc. Retirement Savings Plan

Magellan Health, Inc. Retirement Savings Plan reports $614M in end-of-year assets across 6,300 participants (0.005% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $97,474 per participant (71% of the national average assets-per-participant) . Net income for plan year 2023 was -$25M.

This plan identity (EIN 581076937, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $639M to $656M (+2.8%) while covered participants moved from 8,656 to 5,275 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 8,656 $639M Open filing
2023 6,300 $614M This page
2024 · index core 5,275 $656M Open filing

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

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

Outside Missouri, the nearest 401(k) by assets is Entertainment Industry 401(k) Plan in CA ($614M); by covered participants it is Prospect Medical Retirement Savings Plan B in CA (6,301 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (6,300 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 Magellan Health, Inc. Retirement Savings Plan assets move in 2023? ▼
Magellan Health, Inc. Retirement Savings Plan edged down modestly - down 3.9% during 2023, from $639M to $614M. Reported net income was -$25M.
How have Magellan Health, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magellan Health, Inc.'s sponsor-wide assets grew 2.8%, from $639M to $656M.
Where does Magellan Health, Inc. Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Magellan Health, Inc. Retirement Savings Plan ranks in the 98th 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 Magellan Health, Inc. Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Entertainment Industry 401(k) Plan in CA ($614M, 29,027 participants).
Which 401(k) plans cover a similar participant headcount to Magellan Health, Inc. Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Prospect Medical Retirement Savings Plan B in CA (6,301 participants, $265M 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 581076937.

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.