401(k) · DOL Form 5500 · 2023

Clover Health, LLC 401(k) Plan

Data updated 2026-08-25

$33M
Total assets Below avg plan size
569
Participants Below avg headcount
80th
Percentile by assets National rank
$57,886
Avg per participant Low balance/head
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Official DOL plan name: Clover Health 401(k) · Sponsored by Clover Health, LLC · California · Finance & Insurance

$33M in assets, 569 participants

Clover Health, LLC's Clover Health 401(k) reported $33M in total assets and 569 participants in its 2023 DOL Form 5500 filing, ranking in the 80th 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.

  • #6,227 in Finance & Insurance (8,869 peers)

Where Clover Health 401(k) sits by assets

Clover Health 401(k) sits in the top quartile of all filed plans by assets, $33M for 569 participants (~$57,886/participant), up 39.9% in 2023.

#6,227
in Finance & Insurance (8,869 peers)
+39.9%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Clover Health 401(k)'s outsized position by total assets

Clover Health 401(k) vs every filed plan by assets

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

$32,937,064 Top 20% higher than 80% 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

Clover Health 401(k) among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Clover Health 401(k) sits mid-pack in the medium band (569 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Clover Health 401(k) reported net income rose from -$986K in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • Clover Health 401(k) end-of-year assets rose from $24M in the plan year 2022 filing to $33M in the plan year 2023 filing.
  • Clover Health 401(k) reported participants fell from 594 in the plan year 2022 filing to 569 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 383889370 · Clover Health, LLC PY 2023 · 401(k)

Clover Health 401(k) · $33M · 569 · 80th

  • VS-ST $33M
  • BOY 569
  • SCH 80th
  • EBSA 401(k)
  • PART near Powdr Corp. 401(k) Plan
  • TYPE ind #6227

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 Finance & Insurance retirement plans → · Plans in California →

Clover Health 401(k) in the asset neighbourhood

Clover Health 401(k)$33MNorthfield Bank Employee Savings PlanNorthfield Bank Employee Sav…$33MPowdr Corp. 401(k) Plan$33MFenix Parts, Inc. 401(k) Retirement Savings PlanFenix Parts, Inc. 401(k) Ret…$33MConsolidated Medical Practices Retirement PlanConsolidated Medical Practic…$33M
End-of-year total assets ($M) among Clover Health 401(k) and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$24M
Net Assets (End of Year)$33M
Net Income$9M
Employer EIN383889370
Plan Effective Date2018-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Clover Health, LLC)

Sponsor-wide plan assets over time

All Clover Health, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$41M 72.02563178106438% vs 2022
2024 filing year
$20M$30M$40M$50M 202220232024 $23.6M $40.5M ▲ +72.0%
Year Plans Participants Total Assets
2022 1 594 $24M
2023 1 569 $33M
2024 1 486 $41M

Nearby 401(k) Plans in California

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

Clover Health 401(k) vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Clover Health 401(k), Total assets ($B): 0.032937064 · Participants: 569Clover Health 401(k)Wells Fargo & Company 401(k) Plan, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 19.779511539 · Participants: 106111Apple 401(k) Plan
Clover Health 401(k) vs. nearby 401(k) plans in California, assets vs. participants
Compare Clover Health 401(k) side-by-side with 3 peers →

Clover Health 401(k)'s out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Powdr Corp. 401(k) Plan in UT ($33M); by covered participants it is Searles Valley Minerals 401(k) Plan in KS (569 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($33M here).

Similar participant headcount

Nearest other-state filings by covered participants (569 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 Clover Health 401(k) assets move in 2023? ▼
Clover Health 401(k) surged - up 39.9% during 2023, from $24M to $33M. Reported net income was $9M.
How have Clover Health, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Clover Health, LLC's sponsor-wide assets grew 72.0%, from $24M to $41M.
Where does Clover Health 401(k) rank by assets among Form 5500 filers? ▼
Clover Health 401(k) ranks in the 80th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Clover Health 401(k)? ▼
Among 401(k) plans in other states, the closest by assets is Powdr Corp. 401(k) Plan in UT ($33M, 5,019 participants).
Which 401(k) plans cover a similar participant headcount to Clover Health 401(k)? ▼
Among 401(k) plans in other states, the closest by covered participants is Searles Valley Minerals 401(k) Plan in KS (569 participants, $117M 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 383889370.

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.