401(k) · DOL Form 5500 · 2023

Galen Medical Group Employees 401(k) Plan

Data updated 2026-08-25

$56M
Total assets Below avg plan size
457
Participants Below avg headcount
87th
Percentile by assets National rank
$121,598
Avg per participant Near avg balance/head
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Official DOL plan name: Galen Medical Group Employees Retirement Savings Plan · Sponsored by Galen Medical Group Employees · Tennessee · Healthcare & Social Assistance

$56M in assets, 457 participants

Galen Medical Group Employees's Galen Medical Group Employees Retirement Savings Plan reported $56M in total assets and 457 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #15,677 in Healthcare & Social Assistance (17,684 peers)

Coverage in Tennessee

Galen Medical Group Employees Retirement Savings Plan covers 457 participants in Tennessee, about 41% of the average Tennessee filer (state average ~1,126 per filing). Assets: $56M.

#15,677
in Healthcare & Social Assistance (17,684 peers)
+15.3%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Galen Medical Group Employees Retirement Savings Plan's outsized position by total assets

Galen Medical Group Employees Retirement Savings Plan vs every filed plan by assets

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

$55,570,461 Top 13% higher than 87% 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

Galen Medical Group Employees Retirement Savings 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. Galen Medical Group Employees Retirement Savings Plan sits mid-pack in the medium band (457 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Galen Medical Group Employees Retirement Savings Plan reported net income rose from -$10M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Galen Medical Group Employees Retirement Savings Plan end-of-year assets rose from $48M in the plan year 2022 filing to $56M in the plan year 2023 filing.
  • Galen Medical Group Employees Retirement Savings Plan reported participants rose from 434 in the plan year 2022 filing to 457 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 621508884 · Galen Medical Group Employees PY 2023 · 401(k)

Galen Medical Group Employees Retirement Savings Plan · $56M · 457 · 87th

  • PART $56M
  • TYPE 457
  • NET 87th
  • BOOK 401(k)
  • VS-ST near Blanchard Training & Development Inc. 401(k) Plan
  • BOY ind #15677

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 Tennessee →

Galen Medical Group Employees Retirement Savings Plan in the asset neighbourhood

Galen Medical Group Employees Retirement Savings PlanGalen Medical Group Employee…$56MBlanchard Training & Development Inc. 401(k) PlanBlanchard Training & Develop…$56MHelm Group, Inc. 401(k) Plan$56MChallenger School 401(k) Retirement PlanChallenger School 401(k) Ret…$56MFres-Co System USA, Inc. Retirement Savings PlanFres-Co System USA, Inc. Ret…$56M
End-of-year total assets ($M) among Galen Medical Group Employees Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Tennessee filing particulars

Total Assets (Beginning of Year)$48M
Net Assets (End of Year)$56M
Net Income$7M
Employer EIN621508884
Plan Effective Date1995-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Galen Medical Group Employees)

Sponsor-wide plan assets over time

All Galen Medical Group Employees plans reported in each filing year

Latest sponsor-wide plan assets
$62M 29.106312435769087% vs 2022
2024 filing year
$45M$50M$55M$60M$65M 202220232024 $48.2M $62.2M ▲ +29.1%
Year Plans Participants Total Assets
2022 1 434 $48M
2023 1 457 $56M
2024 1 506 $62M

Nearby 401(k) Plans in Tennessee

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

Galen Medical Group Employees Retirement Savings Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -100102030 Total assets ($B) Participants Galen Medical Group Employees Retirement Savings Plan, Total assets ($B): 0.055570461 · Participants: 457Galen Medical Group Employees Retirement Savings PlanFedex Corporation Retirement Savings Plan, Total assets ($B): 23.88081991 · Participants: 127010Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 21.53517366 · Participants: 291649Hca 401(k) PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 4.743557391 · Participants: 5728Federal Express Corporation Pilots Retirement Savings PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.621886139 · Participants: 12153International Paper Company Salaried Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.517708174 · Participants: 62487Chs/Community Health Systems, Inc. Retirement Savings Plan
Galen Medical Group Employees Retirement Savings Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare Galen Medical Group Employees Retirement Savings Plan side-by-side with 3 peers →

Galen Medical Group Employees Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Blanchard Training & Development Inc. 401(k) Plan in CA ($56M); by covered participants it is Tol 401(k) Retirement Plan in TX (457 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (457 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 Galen Medical Group Employees Retirement Savings Plan assets move in 2023? ▼
Galen Medical Group Employees Retirement Savings Plan grew sharply - up 15.3% during 2023, from $48M to $56M. Reported net income was $7M.
How have Galen Medical Group Employees plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Galen Medical Group Employees's sponsor-wide assets grew 29.1%, from $48M to $62M.
Where does Galen Medical Group Employees Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Galen Medical Group Employees Retirement Savings Plan ranks in the 87th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Galen Medical Group Employees Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Blanchard Training & Development Inc. 401(k) Plan in CA ($56M, 250 participants).
Which 401(k) plans cover a similar participant headcount to Galen Medical Group Employees Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Tol 401(k) Retirement Plan in TX (457 participants, $4M 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 621508884.

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.