401(k) · DOL Form 5500 · 2023

Healthequity, Inc. 401(k) Plan

Data updated 2026-08-25

$243M
Total assets Near avg plan size
3,209
Participants Above avg headcount
95th
Percentile by assets National rank
$75,849
Avg per participant Below avg balance/head
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Official DOL plan name: Healthequity 401(k) Plan · Sponsored by Healthequity, Inc. · Utah · Other Services

$243M in assets, 3,209 participants

Healthequity, Inc.'s Healthequity 401(k) Plan reported $243M in total assets and 3,209 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.

  • #7,765 in Other Services (7,857 peers)

Coverage in Utah

Healthequity 401(k) Plan covers 3,209 participants in Utah, 5.4x the typical Utah plan (state average ~592 per filing). Assets: $243M.

#7,765
in Other Services (7,857 peers)
+22.8%
assets growth YoY
2.4×
vs typical plan assets (national mean)

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

Healthequity 401(k) Plan vs every filed plan by assets

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

$243,398,367 Top 5% higher than 95% 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

Healthequity 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. Healthequity 401(k) Plan lands in the large band (3,209 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Healthequity 401(k) Plan reported net income rose from -$25M in the plan year 2022 filing to $45M in the plan year 2023 filing.
  • Healthequity 401(k) Plan end-of-year assets rose from $198M in the plan year 2022 filing to $243M in the plan year 2023 filing.
  • Healthequity 401(k) Plan reported participants fell from 4,011 in the plan year 2022 filing to 3,209 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 522383166 · Healthequity, Inc. PY 2023 · 401(k)

Healthequity 401(k) Plan · $243M · 3,209 · 95th

  • TYPE $243M
  • TYPE 3,209
  • TYPE 95th
  • TYPE 401(k)
  • TYPE near Bancfirst Corporation Thrift Plan
  • TYPE ind #7765

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 Other Services retirement plans → · Plans in Utah →

Healthequity 401(k) Plan in the asset neighbourhood

B. F. Saul Company Employees' 401(k) Retirement PlanB. F. Saul Company Employees…$243MHealthequity 401(k) Plan$243MBancfirst Corporation Thrift PlanBancfirst Corporation Thrift…$243MEvolent Health 401(k) Plan$243MTeknor Savings Plus Plan$243M
End-of-year total assets ($M) among Healthequity 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Utah filing particulars

Total Assets (Beginning of Year)$198M
Net Assets (End of Year)$243M
Net Income$45M
Employer EIN522383166
Plan Effective Date2003-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Healthequity, Inc.)

Sponsor-wide plan assets over time

All Healthequity, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$297M 49.83071247646581% vs 2022
2024 filing year
$150M$200M$250M$300M$350M 202220232024 $198M $297M ▲ +49.8%
Year Plans Participants Total Assets
2022 1 4,011 $198M
2023 1 3,209 $243M
2024 1 3,218 $297M

Nearby 401(k) Plans in Utah

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

Healthequity 401(k) Plan vs. nearby 401(k) plans in Utah, assets vs. participants Scatter plot of 6 data points. 01000020000300004000050000 -202468 Total assets ($B) Participants Healthequity 401(k) Plan, Total assets ($B): 0.243398367 · Participants: 3209Healthequity 401(k) PlanIntermountain Healthcare Savings Plus 401(k) Plan, Total assets ($B): 6.015479 · Participants: 46680Intermountain Healthcare Savings Plus 401(k) PlanDeseret 401(k) Plan, Total assets ($B): 5.481729272 · Participants: 24292Deseret 401(k) PlanZions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership Plan, Total assets ($B): 1.662904822 · Participants: 10088Zions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership PlanSkywest, Inc. Employees' Retirement Plan, Total assets ($B): 1.192769515 · Participants: 15411Skywest, Inc. Employees' Retirement PlanAutoliv Asp, Inc. Employee Savings and Investment Plan, Total assets ($B): 0.633594695 · Participants: 4537Autoliv Asp, Inc. Employee Savings and Investment Plan
Healthequity 401(k) Plan vs. nearby 401(k) plans in Utah, assets vs. participants
Compare Healthequity 401(k) Plan side-by-side with 3 peers →

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

Outside Utah, the nearest 401(k) by assets is Bancfirst Corporation Thrift Plan in OK ($243M); by covered participants it is Meritus Health 401(k) Savings Plan in MD (3,210 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($243M here).

Similar participant headcount

Nearest other-state filings by covered participants (3,209 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 Healthequity 401(k) Plan assets move in 2023? ▼
Healthequity 401(k) Plan grew sharply - up 22.8% during 2023, from $198M to $243M. Reported net income was $45M.
How have Healthequity, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Healthequity, Inc.'s sponsor-wide assets grew 49.8%, from $198M to $297M.
Where does Healthequity 401(k) Plan rank by assets among Form 5500 filers? ▼
Healthequity 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 Healthequity 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Bancfirst Corporation Thrift Plan in OK ($243M, 1,742 participants).
Which 401(k) plans cover a similar participant headcount to Healthequity 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Meritus Health 401(k) Savings Plan in MD (3,210 participants, $339M 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 522383166.

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.