401(k) · DOL Form 5500 · 2023

Parachute Health, LLC 401(k) Plan

Data updated 2026-08-25

$6M
Total assets Small plan by assets: 128
Participants Small participant base: 48th
Percentile by assets National rank: $46,659
Avg per participant Low balance/head

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Official DOL plan name: Parachute Health 401(k) Plan · Sponsored by Parachute Health, LLC · New Jersey · Information & Media

$6M in assets, 128 participants

Parachute Health, LLC's Parachute Health 401(k) Plan reported $6M in total assets and 128 participants in its 2023 DOL Form 5500 filing, ranking in the 48th 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.

#913 in Information & Media (2,818 peers)

Coverage in New Jersey

Parachute Health 401(k) Plan covers 128 participants in New Jersey, about 15% of the average New Jersey filer (state average ~844 per filing). Assets: $6M.

#913
in Information & Media (2,818 peers): +114.9%
assets growth YoY

Parachute Health 401(k) Plan's mid-pack asset rank among Information & Media and all filers

Parachute Health 401(k) Plan vs every filed plan by assets

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

$5,972,406 48th percentile higher than 48% 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

Parachute Health 401(k) 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. Parachute Health 401(k) Plan sits mid-pack in the medium band (128 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

Published 5500 schedule card

Filing strip 472341556 · Parachute Health, LLC PY 2023 · 401(k)

Parachute Health 401(k) Plan · $6M · 128 · 48th

BOOK $6M
BOOK 128
BOOK 48th
BOOK 401(k)
BOOK near Carter Funds LLC 401(k) Plan
BOOK ind #913

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 Information & Media retirement plans → · Plans in New Jersey →

End-of-year total assets ($M) among Parachute Health 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)	$3M
Net Assets (End of Year)	$6M
Net Income	$3M
Employer EIN	472341556
Plan Effective Date	2018-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Parachute Health, LLC)

Latest sponsor-wide plan assets: $10M 69.08179048778666% vs 2023; 2024 filing year

Year	Plans	Participants	Total Assets
2023	1	128	$6M
2024	1	187	$10M

Nearby 401(k) Plans in New Jersey

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

Parachute Health 401(k) Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants

JPMorgan Chase 401(k) Savings Plan $44.6B · 176,610
Verizon Savings Plan for Management Employees $27.8B · 78,072
Johnson and Johnson Savings Plan $22.2B · 41,291
Ernst & Young Retirement Savings Plan $15.5B · 59,346
Merck US Savings Plan $13.4B · 26,850

Compare Parachute Health 401(k) Plan side-by-side with 3 peers →

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

Outside New Jersey, the nearest 401(k) by assets is Carter Funds LLC 401(k) Plan in FL ($6M); by covered participants it is Powervac of Michigan, LLC 401(k) Profit Sharing Plan & Trust in MI (128 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($6M here).

Carter Funds LLC 401(k) Plan (FL) $6M · 185
The Autobarn, Ltd. 401(k) Profit Sharing Plan (IL) $6M · 88
Team Tube 401(k) Plan (WA) $6M · 42
Leeann Chin, Inc. 401(k) Plan (MN) $6M · 229

Similar participant headcount

Nearest other-state filings by covered participants (128 participants); asset peers above are excluded.

Powervac of Michigan, LLC 401(k) Profit Sharing Plan & Trust (MI) 128 · 0 off
Eaze Technologies, Inc. Retirement Trust (CA) 128 · 0 off
Mcnaughton & Gunn, Inc. 401(k) Plan (MI) 128 · 0 off
Marrs Electric LLC 401(k) Plan (OK) 128 · 0 off

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 Parachute Health 401(k) Plan assets move in 2023? ▼

Parachute Health 401(k) Plan surged - up 114.9% during 2023, from $3M to $6M. Reported net income was $3M.

How have Parachute Health, LLC plan assets changed over time? ▼

Across 2 plan years on file (2023-2024), Parachute Health, LLC's sponsor-wide assets grew 69.1%, from $6M to $10M.

Which 401(k) plans are similar in size to Parachute Health 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Carter Funds LLC 401(k) Plan in FL ($6M, 185 participants).

Which 401(k) plans cover a similar participant headcount to Parachute Health 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Powervac of Michigan, LLC 401(k) Profit Sharing Plan & Trust in MI (128 participants, N/A 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 472341556.