Other · DOL Form 5500 · 2023

Ballad Health Retirement Plan

Data updated 2026-08-25

$616M
Total assets Above avg plan size
11,769
Participants Very large workforce
98th
Percentile by assets National rank
$52,369
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Ballad Health 403(b) Plan · Sponsored by Ballad Health · Tennessee · Healthcare & Social Assistance

$616M in assets, 11,769 participants

Ballad Health's Ballad Health 403(b) Plan reported $616M in total assets and 11,769 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.

  • #17,320 in Healthcare & Social Assistance (17,684 peers)

Coverage in Tennessee

Ballad Health 403(b) Plan covers 11,769 participants in Tennessee, 10x the typical Tennessee plan (state average ~1,126 per filing). Assets: $616M.

#17,320
in Healthcare & Social Assistance (17,684 peers)
+19.2%
assets growth YoY
6.2×
vs typical plan assets (national mean)

Ballad Health 403(b) Plan's outsized position by total assets

Ballad Health 403(b) Plan vs every filed plan by assets

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

$616,326,721 Top 2% higher than 98% 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

Ballad Health 403(b) 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. Ballad Health 403(b) Plan is a mega filing (11,769 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Ballad Health 403(b) Plan reported net income rose from $82M in the plan year 2022 filing to $99M in the plan year 2023 filing.
  • Ballad Health 403(b) Plan end-of-year assets rose from $517M in the plan year 2022 filing to $616M in the plan year 2023 filing.
  • Ballad Health 403(b) Plan reported participants rose from 11,477 in the plan year 2022 filing to 11,769 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 611771290 · Ballad Health PY 2023 · Other

Ballad Health 403(b) Plan · $616M · 11,769 · 98th

  • EBSA $616M
  • EBSA 11,769
  • EBSA 98th
  • EBSA Other
  • EBSA near University of Dayton Tax Deferred Annuity Plan
  • EBSA ind #17320

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 →

Ballad Health 403(b) Plan in the asset neighbourhood

St. Charles Health System Retirement PlanSt. Charles Health System Re…$625MFlorida Health Sciences Center 403(b) Savings PlanFlorida Health Sciences Cent…$618MBallad Health 403(b) Plan$616MUniversity of Dayton Tax Deferred Annuity PlanUniversity of Dayton Tax Def…$616MSamaritan Health Services Tax Sheltered Annuity PlSamaritan Health Services Ta…$615M
End-of-year total assets ($M) among Ballad Health 403(b) Plan and nearest nationwide Other peers. Source: DOL Form 5500 plan year 2023.

Tennessee filing particulars

Total Assets (Beginning of Year)$517M
Net Assets (End of Year)$616M
Net Income$99M
Employer EIN611771290
Plan Effective Date1996-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ballad Health)

Sponsor-wide plan assets over time

All Ballad Health plans reported in each filing year

Latest sponsor-wide plan assets
$1.3B 24.009065784843845% vs 2022
2024 filing year
$1B$1.1B$1.2B$1.3B$1.4B 202220232024 $1.08B $1.34B ▲ +24.1%
Year Plans Participants Total Assets
2022 3 18,330 $1.1B
2023 3 18,139 $1.2B
2024 3 18,077 $1.3B

Nearby Other Plans in Tennessee

Peer Other plans, same state, same plan type, ranked by total assets.

Ballad Health 403(b) Plan vs. nearby Other plans in Tennessee, assets vs. participants Scatter plot of 6 data points. 010000200003000040000 012345 Total assets ($B) Participants Ballad Health 403(b) Plan, Total assets ($B): 0.616326721 · Participants: 11769Ballad Health 403(b) PlanVanderbilt University Medical Center Retirement Plan, Total assets ($B): 4.082284978 · Participants: 30220Vanderbilt University Medical Center Retirement PlanVanderbilt University Retirement Plan, Total assets ($B): 2.316024751 · Participants: 6887Vanderbilt University Retirement PlanSt. Jude Children's Research Hospital Defined Contribution Retirement Plan, Total assets ($B): 1.118460153 · Participants: 6010St. Jude Children's Research Hospital Defined Contribution Retirement PlanSoutheastern Carpenters and Millwrights Pension Plan, Total assets ($B): 0.534737215 · Participants: 2882Southeastern Carpenters and Millwrights Pension PlanDialysis Clinic, Inc. Thrift Plan, Total assets ($B): 0.413808017 · Participants: 5644Dialysis Clinic, Inc. Thrift Plan
Ballad Health 403(b) Plan vs. nearby Other plans in Tennessee, assets vs. participants

Scale composition for Ballad Health 403(b) Plan

Ballad Health 403(b) Plan reports $616M in end-of-year assets across 11,769 participants (0.005% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.013% of 93,925,755 covered participants) - about $52,369 per participant (38% of the national average assets-per-participant) . Net income for plan year 2023 was $99M.

This plan identity (EIN 611771290, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $517M to $731M (+41.4%) while covered participants moved from 11,477 to 12,134 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 11,477 $517M Open filing
2023 11,769 $616M This page
2024 · index core 12,134 $731M Open filing

The same sponsor also keeps 3 other index-core plans on PlainRetire:

Ballad Health 403(b) Plan's out-of-state Other peers by assets and headcount

Outside Tennessee, the nearest Other by assets is University of Dayton Tax Deferred Annuity Plan in OH ($616M); by covered participants it is Intelycare, Inc. 401(k) Plan in MA (11,785 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (11,769 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 Ballad Health 403(b) Plan assets move in 2023?
Ballad Health 403(b) Plan grew sharply - up 19.2% during 2023, from $517M to $616M. Reported net income was $99M.
How have Ballad Health plan assets changed over time?
Across 3 plan years on file (2022-2024), Ballad Health's sponsor-wide assets grew 24.0%, from $1.1B to $1.3B.
Where does Ballad Health 403(b) Plan rank by assets among Form 5500 filers?
Ballad Health 403(b) Plan ranks in the 98th 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 Other plans are similar in size to Ballad Health 403(b) Plan?
Among Other plans in other states, the closest by assets is University of Dayton Tax Deferred Annuity Plan in OH ($616M, 4,308 participants).
Which Other plans cover a similar participant headcount to Ballad Health 403(b) Plan?
Among Other plans in other states, the closest by covered participants is Intelycare, Inc. 401(k) Plan in MA (11,785 participants, $10M in assets).