401(k) · DOL Form 5500 · 2023

Hackensack Meridian Health 401(k) Plan

Data updated 2026-08-25

$1.6B
Total assets Very large vs avg
33,552
Participants Very large workforce
99th
Percentile by assets National rank
$47,790
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Hmh 401(k) Savings Plan · Sponsored by Hackensack Meridian Health · New Jersey · Healthcare & Social Assistance

$1.6B in assets, 33,552 participants

Hackensack Meridian Health's Hmh 401(k) Savings Plan reported $1.6B in total assets and 33,552 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

  • #17,563 in Healthcare & Social Assistance (17,684 peers)

Coverage in New Jersey

Hmh 401(k) Savings Plan covers 33,552 participants in New Jersey, 40x the typical New Jersey plan (state average ~844 per filing). Assets: $1.6B.

#17,563
in Healthcare & Social Assistance (17,684 peers)
+56.9%
assets growth YoY
16×
vs typical plan assets (national mean)

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

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

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

$1,603,448,159 Top 1% higher than 99% 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

Hmh 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. Hmh 401(k) Savings Plan is a mega filing (33,552 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Hmh 401(k) Savings Plan reported net income rose from $109M in the plan year 2022 filing to $490M in the plan year 2023 filing.
  • Hmh 401(k) Savings Plan end-of-year assets rose from $1.0B in the plan year 2022 filing to $1.6B in the plan year 2023 filing.
  • Hmh 401(k) Savings Plan reported participants rose from 25,813 in the plan year 2022 filing to 33,552 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 223474145 · Hackensack Meridian Health PY 2023 · 401(k)

Hmh 401(k) Savings Plan · $1.6B · 33,552 · 99th

  • SCH $1.6B
  • SCH 33,552
  • SCH 99th
  • SCH 401(k)
  • SCH near Kellanova Savings and Investment Plan
  • SCH ind #17563

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 Healthcare & Social Assistance retirement plans → · Plans in New Jersey →

Hmh 401(k) Savings Plan in the asset neighbourhood

Hmh 401(k) Savings Plan$1.6BKellanova Savings and Investment PlanKellanova Savings and Invest…$1.6BE. & J. Gallo Winery Retirement PlanE. & J. Gallo Winery Retirem…$1.6BPacific Life Insurance Company Retirement Incentive Savings PlanPacific Life Insurance Compa…$1.6BPacificorp K Plus Employee Savings PlanPacificorp K Plus Employee S…$1.6B
End-of-year total assets ($B) among Hmh 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$1.0B
Net Assets (End of Year)$1.6B
Net Income$490M
Employer EIN223474145
Plan Effective Date2019-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hackensack Meridian Health)

Sponsor-wide plan assets over time

All Hackensack Meridian Health plans reported in each filing year

Latest sponsor-wide plan assets
$5.9B 33.09206339506898% vs 2022
2024 filing year
$4B$4.5B$5B$5.5B$6B$6.5B 202220232024 $4.43B $5.89B ▲ +33.0%
Year Plans Participants Total Assets
2022 7 61,439 $4.4B
2023 7 67,568 $5.2B
2024 4 66,927 $5.9B

Nearby 401(k) Plans in New Jersey

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

Hmh 401(k) Savings Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. 050000100000150000200000 -1001020304050 Total assets ($B) Participants Hmh 401(k) Savings Plan, Total assets ($B): 1.603448159 · Participants: 33552Hmh 401(k) Savings PlanJPMorgan Chase 401(k) Savings Plan, Total assets ($B): 44.552237022 · Participants: 176610JPMorgan Chase 401(k) Savings PlanVerizon Savings Plan for Management Employees, Total assets ($B): 27.825640157 · Participants: 78072Verizon Savings Plan for Management EmployeesJohnson and Johnson Savings Plan, Total assets ($B): 22.177853595 · Participants: 41291Johnson and Johnson Savings PlanErnst & Young Retirement Savings Plan, Total assets ($B): 15.543526764 · Participants: 59346Ernst & Young Retirement Savings PlanMerck US Savings Plan, Total assets ($B): 13.424416176 · Participants: 26850Merck US Savings Plan
Hmh 401(k) Savings Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants
Compare Hmh 401(k) Savings Plan side-by-side with 3 peers →

Scale composition for Hmh 401(k) Savings Plan

Hmh 401(k) Savings Plan reports $1.6B in end-of-year assets across 33,552 participants (0.013% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.036% of 93,925,755 covered participants) - about $47,790 per participant (35% of the national average assets-per-participant) . Net income for plan year 2023 was $490M.

This plan identity (EIN 223474145, plan #011) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.0B to $2.1B (+108.6%) while covered participants moved from 25,813 to 35,701 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 25,813 $1.0B Open filing
2023 33,552 $1.6B This page
2024 · index core 35,701 $2.1B Open filing

The same sponsor also keeps 4 other index-core plans on PlainRetire:

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

Outside New Jersey, the nearest 401(k) by assets is Kellanova Savings and Investment Plan in IL ($1.6B); by covered participants it is Steward Health Care 401(k) Retirement Savings Plan in TX (33,563 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.6B here).

Similar participant headcount

Nearest other-state filings by covered participants (33,552 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 Hmh 401(k) Savings Plan assets move in 2023? ▼
Hmh 401(k) Savings Plan surged - up 56.9% during 2023, from $1.0B to $1.6B. Reported net income was $490M.
How have Hackensack Meridian Health plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hackensack Meridian Health's sponsor-wide assets grew 33.1%, from $4.4B to $5.9B.
Where does Hmh 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Hmh 401(k) Savings Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Hmh 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Kellanova Savings and Investment Plan in IL ($1.6B, 7,891 participants).
Which 401(k) plans cover a similar participant headcount to Hmh 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Steward Health Care 401(k) Retirement Savings Plan in TX (33,563 participants, $1.8B 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 223474145.

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.