401(k) · DOL Form 5500 · 2023

Change Healthcare Operations, LLC 401(k) Plan

Data updated 2026-08-25

$806M
Total assets Above avg plan size
11,544
Participants Very large workforce
98th
Percentile by assets National rank
$69,860
Avg per participant Below avg balance/head
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Official DOL plan name: Change Healthcare 401(k) Savings Plan · Sponsored by Change Healthcare Operations, LLC · Minnesota · Professional & Technical Services

$806M in assets, 11,544 participants

Change Healthcare Operations, LLC's Change Healthcare 401(k) Savings Plan reported $806M in total assets and 11,544 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.

  • #20,095 in Professional & Technical Services (20,321 peers)

Coverage in Minnesota

Change Healthcare 401(k) Savings Plan covers 11,544 participants in Minnesota, 10x the typical Minnesota plan (state average ~1,126 per filing). Assets: $806M.

#20,095
in Professional & Technical Services (20,321 peers)
+5.7%
assets growth YoY
8.1×
vs typical plan assets (national mean)

Change Healthcare 401(k) Savings Plan's outsized position by total assets

Change Healthcare 401(k) Savings Plan vs every filed plan by assets

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

$806,466,588 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

Change Healthcare 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. Change Healthcare 401(k) Savings Plan is a mega filing (11,544 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Change Healthcare 401(k) Savings Plan reported net income rose from -$113M in the plan year 2022 filing to $43M in the plan year 2023 filing.
  • Change Healthcare 401(k) Savings Plan end-of-year assets rose from $763M in the plan year 2022 filing to $806M in the plan year 2023 filing.
  • Change Healthcare 401(k) Savings Plan reported participants rose from 11,372 in the plan year 2022 filing to 11,544 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 205731067 · Change Healthcare Operations, LLC PY 2023 · 401(k)

Change Healthcare 401(k) Savings Plan · $806M · 11,544 · 98th

  • VS-ST $806M
  • VS-ST 11,544
  • VS-ST 98th
  • VS-ST 401(k)
  • VS-ST near Alaska Airlines, Inc. Cops, Mrp & Dispatch 401(k) Plan
  • VS-ST ind #20095

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 Minnesota →

Change Healthcare 401(k) Savings Plan in the asset neighbourhood

Change Healthcare 401(k) Savings PlanChange Healthcare 401(k) Sav…$806MAlaska Airlines, Inc. Cops, Mrp & Dispatch 401(k) PlanAlaska Airlines, Inc. Cops, …$806MCabot 401(k) Plan$806MThe Eisai Retirement Plan$806MDish Network Corporation 401(k) PlanDish Network Corporation 401…$806M
End-of-year total assets ($M) among Change Healthcare 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$763M
Net Assets (End of Year)$806M
Net Income$43M
Employer EIN205731067
Plan Effective Date2006-11-16
Filing StatusFILING RECEIVED

Sponsor Plan History (Change Healthcare Operations, LLC)

Sponsor-wide plan assets over time

All Change Healthcare Operations, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$806M 5.697039485443136% vs 2022
2023 filing year
$740M$760M$780M$800M$820M 20222023 $763M $806M ▲ +5.7%
Year Plans Participants Total Assets
2022 1 11,372 $763M
2023 2 21,552 $806M

Nearby 401(k) Plans in Minnesota

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

Change Healthcare 401(k) Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Change Healthcare 401(k) Savings Plan, Total assets ($B): 0.806466588 · Participants: 11544Change Healthcare 401(k) Savings PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Change Healthcare 401(k) Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Change Healthcare 401(k) Savings Plan side-by-side with 3 peers →

Change Healthcare 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Alaska Airlines, Inc. Cops, Mrp & Dispatch 401(k) Plan in WA ($806M); by covered participants it is Employee P/S Ret Plan & Trust of Foster Farms Group in CA (11,543 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($806M here).

Similar participant headcount

Nearest other-state filings by covered participants (11,544 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 Change Healthcare 401(k) Savings Plan assets move in 2023? ▼
Change Healthcare 401(k) Savings Plan grew at a solid clip - up 5.7% during 2023, from $763M to $806M. Reported net income was $43M.
How have Change Healthcare Operations, LLC plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Change Healthcare Operations, LLC's sponsor-wide assets grew 5.7%, from $763M to $806M.
Where does Change Healthcare 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Change Healthcare 401(k) 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 Change Healthcare 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Alaska Airlines, Inc. Cops, Mrp & Dispatch 401(k) Plan in WA ($806M, 7,801 participants).
Which 401(k) plans cover a similar participant headcount to Change Healthcare 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Employee P/S Ret Plan & Trust of Foster Farms Group in CA (11,543 participants, $418M 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 205731067.

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.