401(k) · DOL Form 5500 · 2023

Change Healthcare Operations, LLC 401(k) Plan

Data updated 2026-08-11

$806M
Total assets
11,544
Participants
98th
Percentile by assets
$69,860
Avg per participant
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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.

  • 98th percentile by assets (of 127,072 plans)
  • #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.

$806M
total plan assets (2023 EOY)
11,544
covered participants
98th
percentile by assets (of 127,072 plans)
$69,860
avg assets per participant

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 →

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Change Healthcare 401(k) Savings Plan reports 11,544 participants - 10x that state average ($806M EOY assets).

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)

$740M$760M$780M$800M$820M 20222023 $763M $806M ▲ +5.7%
Total plan assets by year, all Change Healthcare Operations, LLC plans on file
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

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 40…Unitedhealth Group 4…Target Corporation 4…Medtronic Savings an…3M Voluntary Investm…U.S. Bank 401(k) Sav…
Change Healthcare 401(k) Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants

Similar-Sized 401(k) Plans Nationally

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

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).

Filing takeaways

Ways to act on Change Healthcare 401(k) Savings Plan's numbers.