401(k) · DOL Form 5500 · 2023
Covenant Health 401(k) Plan
Data updated 2026-08-25
- $783M
- Total assets Above avg plan size
- 8,654
- Participants Very large workforce
- 98th
- Percentile by assets National rank
- $90,472
- Avg per participant Below avg balance/head
Official DOL plan name: Covenant Health 401(k) Plan · Sponsored by Covenant Health · Tennessee · Healthcare & Social Assistance
$783M in assets, 8,654 participants
Covenant Health's Covenant Health 401(k) Plan reported $783M in total assets and 8,654 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.
- #17,411 in Healthcare & Social Assistance (17,684 peers)
Coverage in Tennessee
Covenant Health 401(k) Plan covers 8,654 participants in Tennessee, 7.7x the typical Tennessee plan (state average ~1,126 per filing). Assets: $783M.
- #17,411
- in Healthcare & Social Assistance (17,684 peers)
- +18.3%
- assets growth YoY
- 7.9×
- vs typical plan assets (national mean)
Covenant Health 401(k) Plan's outsized position by total assets
Covenant Health 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$782,942,861 Top 2% higher than 98% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Covenant Health 401(k) Plan's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Covenant Health 401(k) Plan lands in the large band (8,654 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Covenant Health 401(k) Plan reported net income rose from -$156M in the plan year 2022 filing to $120M in the plan year 2023 filing.
- Covenant Health 401(k) Plan end-of-year assets rose from $662M in the plan year 2022 filing to $783M in the plan year 2023 filing.
- Covenant Health 401(k) Plan reported participants fell from 8,831 in the plan year 2022 filing to 8,654 in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 621646734 · Covenant Health PY 2023 · 401(k)
Covenant Health 401(k) Plan · $783M · 8,654 · 98th
- 5500 $783M
- ASSETS 8,654
- PCT 98th
- EIN 401(k)
- RANK near Pvh Associates Investment Plan
- PHOTO ind #17411
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 →
Covenant Health 401(k) Plan in the asset neighbourhood
Tennessee filing particulars
| Total Assets (Beginning of Year) | $662M |
|---|---|
| Net Assets (End of Year) | $783M |
| Net Income | $120M |
| Employer EIN | 621646734 |
| Plan Effective Date | 1984-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Covenant Health)
Sponsor-wide plan assets over time
All Covenant Health plans reported in each filing year
- Latest sponsor-wide plan assets
- $894M 35.08040280343305% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 8,831 | $662M |
| 2023 | 1 | 8,654 | $783M |
| 2024 | 1 | 9,347 | $894M |
Nearby 401(k) Plans in Tennessee
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Fedex Corporation Retirement Savings Plan $23.9B · 127,010
- Hca 401(k) Plan $21.5B · 291,649
- Federal Express Corporation Pilots Retirement Savings Plan $4.7B · 5,728
- International Paper Company Salaried Savings Plan $4.6B · 12,153
- Chs/Community Health Systems, Inc. Retirement Savings Plan $4.5B · 62,487
Scale composition for Covenant Health 401(k) Plan
Covenant Health 401(k) Plan reports $783M in end-of-year assets across 8,654 participants (0.006% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.009% of 93,925,755 covered participants) - about $90,472 per participant (65% of the national average assets-per-participant) . Net income for plan year 2023 was $120M.
This plan identity (EIN 621646734, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $662M to $894M (+35.1%) while covered participants moved from 8,831 to 9,347 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 8,831 | $662M | Open filing |
| 2023 | 8,654 | $783M | This page |
| 2024 · index core | 9,347 | $894M | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Covenant Health 401(k) Plan (401(k), $894M, 9,347 participants)
Covenant Health 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Tennessee, the nearest 401(k) by assets is Pvh Associates Investment Plan in NJ ($783M); by covered participants it is Deaconess Health System, Inc. 401(k) Plan in IN (8,651 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($783M here).
- Pvh Associates Investment Plan (NJ) $783M · 5,602
- Forvis, LLP Employees' Savings Plan I (MO) $784M · 3,272
- Advantage 401(k) Savings Plan (CA) $781M · 33,698
- National Railroad Passenger Corporation Savings Plan (DC) $780M · 3,938
Similar participant headcount
Nearest other-state filings by covered participants (8,654 participants); asset peers above are excluded.
- Deaconess Health System, Inc. 401(k) Plan (IN) 8,651 · 3 off
- White Cap 401(k) Retirement Plan (GA) 8,660 · 6 off
- The Savannah River Nuclear Solutions, LLC Defined Contribution Plan (SC) 8,661 · 7 off
- Schnucks Pay Deferral Plan-30 (MO) 8,664 · 10 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.