401(k) · DOL Form 5500 · 2023

St.Joseph Health System 401(k) Plan

Data updated 2026-08-25

$3.9B
Total assets Very large vs avg
28,968
Participants Very large workforce
100th
Percentile by assets National rank
$134,888
Avg per participant Near avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: St. Joseph and Covenant Health Systems 401(k) Plan · Sponsored by St.Joseph Health System · Washington · Healthcare & Social Assistance

$3.9B in assets, 28,968 participants

St.Joseph Health System's St. Joseph and Covenant Health Systems 401(k) Plan reported $3.9B in total assets and 28,968 participants in its 2023 DOL Form 5500 filing, ranking in the 100th 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.

  • #17,644 in Healthcare & Social Assistance (17,684 peers)

Coverage in Washington

St. Joseph and Covenant Health Systems 401(k) Plan covers 28,968 participants in Washington, 20x the typical Washington plan (state average ~1,476 per filing). Assets: $3.9B.

#17,644
in Healthcare & Social Assistance (17,684 peers)
+18.2%
assets growth YoY
39×
vs typical plan assets (national mean)

St. Joseph and Covenant Health Systems 401(k) Plan's outsized position by total assets

St. Joseph and Covenant Health Systems 401(k) Plan vs every filed plan by assets

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

$3,907,445,155 Highest reported value at or above every one 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

St. Joseph and Covenant Health Systems 401(k) 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. St. Joseph and Covenant Health Systems 401(k) Plan is a mega filing (28,968 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • St. Joseph and Covenant Health Systems 401(k) Plan reported net income rose from -$638M in the plan year 2022 filing to $611M in the plan year 2023 filing.
  • St. Joseph and Covenant Health Systems 401(k) Plan end-of-year assets rose from $3.3B in the plan year 2022 filing to $3.9B in the plan year 2023 filing.
  • St. Joseph and Covenant Health Systems 401(k) Plan reported participants rose from 28,697 in the plan year 2022 filing to 28,968 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 953589356 · St.Joseph Health System PY 2023 · 401(k)

St. Joseph and Covenant Health Systems 401(k) Plan · $3.9B · 28,968 · 100th

  • VS-ST $3.9B
  • VS-ST 28,968
  • VS-ST 100th
  • VS-ST 401(k)
  • VS-ST near Iu Health 401(k) Savings Plan
  • VS-ST ind #17644

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 Washington →

St. Joseph and Covenant Health Systems 401(k) Plan in the asset neighbourhood

Federal National Mortgage Association Retirement Savings Plan for EmployeesFederal National Mortgage As…$3.9BSt. Joseph and Covenant Health Systems 401(k) PlanSt. Joseph and Covenant Heal…$3.9BIu Health 401(k) Savings Plan$3.9BAnalog Devices, Inc. the Investment Partnership PlanAnalog Devices, Inc. the Inv…$3.9BLaboratory Corporation of America Holdings 401(k) Savings PlanLaboratory Corporation of Am…$3.9B
End-of-year total assets ($B) among St. Joseph and Covenant Health Systems 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Washington filing particulars

Total Assets (Beginning of Year)$3.3B
Net Assets (End of Year)$3.9B
Net Income$611M
Employer EIN953589356
Plan Effective Date2015-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (St.Joseph Health System)

Sponsor-wide plan assets over time

All St.Joseph Health System plans reported in each filing year

Latest sponsor-wide plan assets
$4.6B 34.31931603701622% vs 2022
2024 filing year
$3B$3.5B$4B$4.5B$5B 202220232024 $3.39B $4.56B ▲ +34.5%
Year Plans Participants Total Assets
2022 2 29,410 $3.4B
2023 2 29,551 $4.0B
2024 2 30,429 $4.6B

Nearby 401(k) Plans in Washington

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

St. Joseph and Covenant Health Systems 401(k) Plan vs. nearby 401(k) plans in Washington, assets vs. participants Scatter plot of 6 data points. 050000100000150000200000250000 020406080 Total assets ($B) Participants St. Joseph and Covenant Health Systems 401(k) Plan, Total assets ($B): 3.907445155 · Participants: 28968St. Joseph and Covenant Health Systems 401(k) PlanThe Boeing Company 401(k) Retirement Plan, Total assets ($B): 72.246135158 · Participants: 128910The Boeing Company 401(k) Retirement PlanMicrosoft Corporation Savings Plus 401(k) Plan, Total assets ($B): 53.225853429 · Participants: 123296Microsoft Corporation Savings Plus 401(k) PlanCostco 401(k) Retirement Plan, Total assets ($B): 33.384845813 · Participants: 192744Costco 401(k) Retirement PlanT-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust, Total assets ($B): 8.338937292 · Participants: 71538T-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust401(k) Savings Plan, Total assets ($B): 8.118808679 · Participants: 87590401(k) Savings Plan
St. Joseph and Covenant Health Systems 401(k) Plan vs. nearby 401(k) plans in Washington, assets vs. participants
Compare St. Joseph and Covenant Health Systems 401(k) Plan side-by-side with 3 peers →

Scale composition for St. Joseph and Covenant Health Systems 401(k) Plan

St. Joseph and Covenant Health Systems 401(k) Plan reports $3.9B in end-of-year assets across 28,968 participants (0.032% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.031% of 93,925,755 covered participants) - about $134,888 per participant (98% of the national average assets-per-participant) . Net income for plan year 2023 was $611M.

This plan identity (EIN 953589356, plan #004) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $3.3B to $4.5B (+35.2%) while covered participants moved from 28,697 to 29,922 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 28,697 $3.3B Open filing
2023 28,968 $3.9B This page
2024 · index core 29,922 $4.5B Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

St. Joseph and Covenant Health Systems 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Washington, the nearest 401(k) by assets is Iu Health 401(k) Savings Plan in IN ($3.9B); by covered participants it is Iowa Health System Section 401(k) Retirement Savings Plan in IA (28,959 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (28,968 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 St. Joseph and Covenant Health Systems 401(k) Plan assets move in 2023? ▼
St. Joseph and Covenant Health Systems 401(k) Plan grew sharply - up 18.2% during 2023, from $3.3B to $3.9B. Reported net income was $611M.
How have St.Joseph Health System plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), St.Joseph Health System's sponsor-wide assets grew 34.3%, from $3.4B to $4.6B.
Where does St. Joseph and Covenant Health Systems 401(k) Plan rank by assets among Form 5500 filers? ▼
St. Joseph and Covenant Health Systems 401(k) Plan ranks in the 100th 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 St. Joseph and Covenant Health Systems 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Iu Health 401(k) Savings Plan in IN ($3.9B, 38,575 participants).
Which 401(k) plans cover a similar participant headcount to St. Joseph and Covenant Health Systems 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Iowa Health System Section 401(k) Retirement Savings Plan in IA (28,959 participants, $3.0B 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 953589356.

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.