401(k) · DOL Form 5500 · 2023

Covalent Group, Inc. 401(k) Plan

Data updated 2026-08-25

$16M
Total assets Small plan by assets
604
Participants Below avg headcount
69th
Percentile by assets National rank
$26,714
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Covalent Group 401(k) Plan · Sponsored by Covalent Group, Inc. · Utah · Retail Trade

$16M in assets, 604 participants

Covalent Group, Inc.'s Covalent Group 401(k) Plan reported $16M in total assets and 604 participants in its 2023 DOL Form 5500 filing, ranking in the 69th 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.

  • #6,674 in Retail Trade (8,414 peers)

Covalent Group, Inc. multi-year trail

Covalent Group, Inc.'s plans moved +177.5% in assets from 2022 to 2024; this filing shows Covalent Group 401(k) Plan at $16M / 604 participants.

#6,674
in Retail Trade (8,414 peers)
+87.1%
assets growth YoY

Covalent Group 401(k) Plan's outsized position by total assets

Covalent Group 401(k) Plan vs every filed plan by assets

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

$16,135,034 Top 31% higher than 69% 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

Covalent Group 401(k) Plan 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. Covalent Group 401(k) Plan sits mid-pack in the medium band (604 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Covalent Group 401(k) Plan reported net income rose from $2M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Covalent Group 401(k) Plan reported participants rose from 199 in the plan year 2022 filing to 604 in the plan year 2023 filing.
  • Covalent Group 401(k) Plan end-of-year assets rose from $9M in the plan year 2022 filing to $16M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 832556861 · Covalent Group, Inc. PY 2023 · 401(k)

Covalent Group 401(k) Plan · $16M · 604 · 69th

  • IND $16M
  • EOY 604
  • 5500 69th
  • ASSETS 401(k)
  • PCT near Woodburn Nursery & Azaleas, Inc. Retirement Plan and Trust
  • EIN ind #6674

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 Retail Trade retirement plans → · Plans in Utah →

Covalent Group 401(k) Plan in the asset neighbourhood

Covalent Group 401(k) Plan$16MWoodburn Nursery & Azaleas, Inc. Retirement Plan and TrustWoodburn Nursery & Azaleas, …$16MSound Point Capital Management, LP 401(k) Profit Sharing Plan aSound Point Capital Manageme…$16MMann Partners 401(k) Retirement PlanMann Partners 401(k) Retirem…$16MTacala, LLC 401(k) Retirement Savings PlanTacala, LLC 401(k) Retiremen…$16M
End-of-year total assets ($M) among Covalent Group 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Covalent Group, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Covalent Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$24M 177.45080109737683% vs 2022
2024 filing year
$5M$10M$15M$20M$25M$30M 202220232024 $8.62M $23.9M ▲ +177.5%
Year Plans Participants Total Assets
2022 1 199 $9M
2023 1 604 $16M
2024 1 558 $24M

Covalent Group, Inc. filing trail (2023)

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$16M
Net Income$8M
Employer EIN832556861
Plan Effective Date2022-06-07
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Utah

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

Covalent Group 401(k) Plan vs. nearby 401(k) plans in Utah, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -202468 Total assets ($B) Participants Covalent Group 401(k) Plan, Total assets ($B): 0.016135034 · Participants: 604Covalent Group 401(k) PlanIntermountain Healthcare Savings Plus 401(k) Plan, Total assets ($B): 6.015479 · Participants: 46680Intermountain Healthcare Savings Plus 401(k) PlanDeseret 401(k) Plan, Total assets ($B): 5.481729272 · Participants: 24292Deseret 401(k) PlanZions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership Plan, Total assets ($B): 1.662904822 · Participants: 10088Zions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership PlanSkywest, Inc. Employees' Retirement Plan, Total assets ($B): 1.192769515 · Participants: 15411Skywest, Inc. Employees' Retirement PlanAutoliv Asp, Inc. Employee Savings and Investment Plan, Total assets ($B): 0.633594695 · Participants: 4537Autoliv Asp, Inc. Employee Savings and Investment Plan
Covalent Group 401(k) Plan vs. nearby 401(k) plans in Utah, assets vs. participants
Compare Covalent Group 401(k) Plan side-by-side with 3 peers →

Covalent Group 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Utah, the nearest 401(k) by assets is Woodburn Nursery & Azaleas, Inc. Retirement Plan and Trust in OR ($16M); by covered participants it is J.D. Heiskell Holdings, LLC 401(k) Plan in CA (604 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (604 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 Covalent Group 401(k) Plan assets move in 2023? ▼
Covalent Group 401(k) Plan surged - up 87.1% during 2023, from $9M to $16M. Reported net income was $8M.
How have Covalent Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Covalent Group, Inc.'s sponsor-wide assets grew 177.5%, from $9M to $24M.
Which 401(k) plans are similar in size to Covalent Group 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Woodburn Nursery & Azaleas, Inc. Retirement Plan and Trust in OR ($16M, 134 participants).
Which 401(k) plans cover a similar participant headcount to Covalent Group 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is J.D. Heiskell Holdings, LLC 401(k) Plan in CA (604 participants, $64M 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 832556861.

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.