401(k) · DOL Form 5500 · 2023

Evolent Health LLC 401(k) Plan

Data updated 2026-08-11

$243M
Total assets
2,615
Participants
95th
Percentile by assets
$93,054
Avg per participant
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Official DOL plan name: Evolent Health 401(k) Plan · Sponsored by Evolent Health LLC · Virginia · Finance & Insurance

$243M in assets, 2,615 participants

Evolent Health LLC's Evolent Health 401(k) Plan reported $243M in total assets and 2,615 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • 95th percentile by assets (of 127,072 plans)
  • #8,212 in Finance & Insurance (8,869 peers)

Coverage in Virginia

Evolent Health 401(k) Plan covers 2,615 participants in Virginia, 3.3x the typical Virginia plan (state average ~782 per filing). Assets: $243M.

$243M
total plan assets (2023 EOY)
2,615
covered participants
95th
percentile by assets (of 127,072 plans)
$93,054
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Evolent Health 401(k) Plan reported net income rose from -$10M in the plan year 2022 filing to $68M in the plan year 2023 filing.
  • Evolent Health 401(k) Plan end-of-year assets rose from $175M in the plan year 2022 filing to $243M in the plan year 2023 filing.
  • Evolent Health 401(k) Plan reported participants rose from 2,339 in the plan year 2022 filing to 2,615 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Participants vs Virginia filers

In Virginia, the average filing covers about 782 participants across 3,655 plans. Evolent Health 401(k) Plan reports 2,615 participants - 3.3x that state average ($243M EOY assets).

Virginia filing particulars

Total Assets (Beginning of Year)$175M
Net Assets (End of Year)$243M
Net Income$68M
Employer EIN453084136
Plan Effective Date2016-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Evolent Health LLC)

$150M$200M$250M$300M$350M 202220232024 $175M $289M ▲ +65.0%
Total plan assets by year, all Evolent Health LLC plans on file
Year Plans Participants Total Assets
2022 1 2,339 $175M
2023 1 2,615 $243M
2024 1 3,417 $289M

Nearby 401(k) Plans in Virginia

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

Evolent Health 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants

Evolent Health 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Evolent Health 401(k…Northrop Grumman Sav…401(k) Pension PlanGeneral Dynamics Cor…Leidos, Inc. Retirem…Bae Systems Employee…
Evolent Health 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Evolent Health 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Evolent Health 401(k) Plan assets move in 2023?
Evolent Health 401(k) Plan surged - up 38.9% during 2023, from $175M to $243M. Reported net income was $68M.
How have Evolent Health LLC plan assets changed over time?
Across 3 plan years on file (2022-2024), Evolent Health LLC's sponsor-wide assets grew 65.0%, from $175M to $289M.
Where does Evolent Health 401(k) Plan rank by assets among Form 5500 filers?
Evolent Health 401(k) Plan ranks in the 95th 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 Evolent Health 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Teknor Savings Plus Plan in RI ($243M, 1,858 participants).

Filing takeaways

Ways to act on Evolent Health 401(k) Plan's numbers.