401(k) · DOL Form 5500 · 2023

McKesson Corporation 401(k) Plan

Data updated 2026-08-25

$5.6B
Total assets Very large vs avg
26,345
Participants Very large workforce
100th
Percentile by assets National rank
$210,999
Avg per participant Above avg balance/head
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Official DOL plan name: McKesson Corporation 401(k) Retirement Savings Plan · Sponsored by McKesson Corporation · Texas · Wholesale Trade

$5.6B in assets, 26,345 participants

McKesson Corporation's McKesson Corporation 401(k) Retirement Savings Plan reported $5.6B in total assets and 26,345 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.

  • #6,305 in Wholesale Trade (6,309 peers)

Coverage in Texas

McKesson Corporation 401(k) Retirement Savings Plan covers 26,345 participants in Texas, 38x the typical Texas plan (state average ~688 per filing). Assets: $5.6B.

#6,305
in Wholesale Trade (6,309 peers)
+19.6%
assets growth YoY
56×
vs typical plan assets (national mean)

McKesson Corporation 401(k) Retirement Savings Plan's outsized position by total assets

McKesson Corporation 401(k) Retirement Savings Plan vs every filed plan by assets

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

$5,558,756,562 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

McKesson Corporation 401(k) Retirement Savings 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. McKesson Corporation 401(k) Retirement Savings Plan is a mega filing (26,345 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • McKesson Corporation 401(k) Retirement Savings Plan reported net income rose from -$352M in the plan year 2022 filing to $900M in the plan year 2023 filing.
  • McKesson Corporation 401(k) Retirement Savings Plan end-of-year assets rose from $4.6B in the plan year 2022 filing to $5.6B in the plan year 2023 filing.
  • McKesson Corporation 401(k) Retirement Savings Plan reported participants fell from 26,812 in the plan year 2022 filing to 26,345 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 943207296 · McKesson Corporation PY 2023 · 401(k)

McKesson Corporation 401(k) Retirement Savings Plan · $5.6B · 26,345 · 100th

  • EOY $5.6B
  • EOY 26,345
  • EOY 100th
  • EOY 401(k)
  • EOY near Enterprise Holdings Retirement Savings Plan
  • EOY ind #6305

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 Wholesale Trade retirement plans → · Plans in Texas →

McKesson Corporation 401(k) Retirement Savings Plan in the asset neighbourhood

The 401(k) Plan for Permanente Medical GroupsThe 401(k) Plan for Permanen…$5.6BEnterprise Holdings Retirement Savings PlanEnterprise Holdings Retireme…$5.6BMcKesson Corporation 401(k) Retirement Savings PlanMcKesson Corporation 401(k) …$5.6BHonda 401(k) Savings Plan$5.5BDeseret 401(k) Plan$5.5B
End-of-year total assets ($B) among McKesson Corporation 401(k) Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Texas filing particulars

Total Assets (Beginning of Year)$4.6B
Net Assets (End of Year)$5.6B
Net Income$900M
Employer EIN943207296
Plan Effective Date1972-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (McKesson Corporation)

Sponsor-wide plan assets over time

All McKesson Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$5.7B 22.295080263997242% vs 2022
2024 filing year
$4.5B$5B$5.5B$6B 202220232024 $4.65B $5.69B ▲ +22.4%
Year Plans Participants Total Assets
2022 1 26,812 $4.6B
2023 1 26,345 $5.6B
2024 1 25,981 $5.7B

Nearby 401(k) Plans in Texas

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

McKesson Corporation 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. 050000100000150000 01020304050 Total assets ($B) Participants McKesson Corporation 401(k) Retirement Savings Plan, Total assets ($B): 5.558756562 · Participants: 26345McKesson Corporation 401(k) Retirement Savings PlanAT&T Retirement Savings Plan, Total assets ($B): 40.012012 · Participants: 119854AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 21.917 · Participants: 23477Exxonmobil Savings PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 16.496476432 · Participants: 41679Caterpillar 401(k) Savings PlanAmerican Airlines, Inc. 401(k) Plan, Total assets ($B): 14.680189879 · Participants: 88792American Airlines, Inc. 401(k) PlanDell Inc. 401(k) Plan, Total assets ($B): 13.529835 · Participants: 45686Dell Inc. 401(k) Plan
McKesson Corporation 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Texas, assets vs. participants
Compare McKesson Corporation 401(k) Retirement Savings Plan side-by-side with 3 peers →

Scale composition for McKesson Corporation 401(k) Retirement Savings Plan

McKesson Corporation 401(k) Retirement Savings Plan reports $5.6B in end-of-year assets across 26,345 participants (0.045% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.028% of 93,925,755 covered participants) - about $210,999 per participant (1.5x the national average assets-per-participant) . Net income for plan year 2023 was $900M.

This plan identity (EIN 943207296, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $4.6B to $5.7B (+22.3%) while covered participants moved from 26,812 to 25,981 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 26,812 $4.6B Open filing
2023 26,345 $5.6B This page
2024 · index core 25,981 $5.7B Open filing

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

McKesson Corporation 401(k) Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Texas, the nearest 401(k) by assets is Enterprise Holdings Retirement Savings Plan in MO ($5.6B); by covered participants it is Hilton 401(k) Plan in VA (26,366 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($5.6B here).

Similar participant headcount

Nearest other-state filings by covered participants (26,345 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 McKesson Corporation 401(k) Retirement Savings Plan assets move in 2023? ▼
McKesson Corporation 401(k) Retirement Savings Plan grew sharply - up 19.6% during 2023, from $4.6B to $5.6B. Reported net income was $900M.
How have McKesson Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), McKesson Corporation's sponsor-wide assets grew 22.3%, from $4.6B to $5.7B.
Where does McKesson Corporation 401(k) Retirement Savings Plan rank by assets among Form 5500 filers? ▼
McKesson Corporation 401(k) Retirement Savings 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 McKesson Corporation 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Enterprise Holdings Retirement Savings Plan in MO ($5.6B, 66,210 participants).
Which 401(k) plans cover a similar participant headcount to McKesson Corporation 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Hilton 401(k) Plan in VA (26,366 participants, $2.0B 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 943207296.

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.