401(k) · DOL Form 5500 · 2024
American Well Corporation 401(k) Plan
Data updated 2026-08-11
- $108M
- Total assets
- 1,047
- Participants
- 91st
- Percentile by assets
- $103,498
- Avg per participant
Official DOL plan name: American Well Corporation 401(k) Plan · Sponsored by American Well Corporation · Massachusetts · Professional & Technical Services
$108M in assets, 1,047 participants
American Well Corporation's American Well Corporation 401(k) Plan reported $108M in total assets and 1,047 participants in its 2024 DOL Form 5500 filing, ranking in the 91st 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.
- 91st percentile by assets (of 123,622 plans)
- #18,589 in Professional & Technical Services (20,173 peers)
Where American Well Corporation 401(k) Plan sits by assets
American Well Corporation 401(k) Plan sits in the top 10% of all filed plans by assets, $108M for 1,047 participants (~$103,498/participant), up 15.6% in 2024.
- $108M
- total plan assets (2024 EOY)
- 1,047
- covered participants
- 91st
- percentile by assets (of 123,622 plans)
- $103,498
- avg assets per participant
Where American Well Corporation 401(k) Plan sits by total assets
American Well Corporation 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$108,362,150 Top 9% higher than 91% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- American Well Corporation 401(k) Plan reported net income fell from $25M in the plan year 2023 filing to $15M in the plan year 2024 filing.
- American Well Corporation 401(k) Plan end-of-year assets rose from $94M in the plan year 2023 filing to $108M in the plan year 2024 filing.
American Well Corporation 401(k) Plan vs the 2024 asset distribution
By assets, American Well Corporation 401(k) Plan outranks 91% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.1x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $94M |
|---|---|
| Net Assets (End of Year) | $108M |
| Net Income | $15M |
| Employer EIN | 205009396 |
| Plan Effective Date | 2007-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (American Well Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 816 | $69M |
| 2023 | 1 | 1,051 | $94M |
| 2024 | 1 | 1,047 | $108M |
Nearby 401(k) Plans in Massachusetts
Peer 401(k) plans, same state, same plan type, ranked by total assets.
American Well Corporation 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
- Fidelity Retirement Savings Plan $34.2B · 66,907
- Liberty Mutual 401(k) Plan $11.4B · 34,618
- Massachusetts Institute of Technology Supplemental 401(k) Plan $7.7B · 14,762
- Boston Scientific Corporation 401(k) Retirement Savings Plan $6.8B · 20,639
- State Street Salary Savings Program $6.5B · 12,777
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to American Well Corporation 401(k) Plan by total assets, not by location.
- Beacon Mutual Insurance Company 401(k) Plan (RI) $108M · 157
- Raising Cane's Retirement Savings Plan (TX) $108M · 21,289
- Wenger Corporation Retirement Savings Plan (MN) $108M · 550
- Ichor Systems, Inc. Retirement Savings Plan (TX) $108M · 1,190
Frequently Asked Questions
How did American Well Corporation 401(k) Plan assets move in 2024? ▼
How have American Well Corporation plan assets changed over time? ▼
Where does American Well Corporation 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to American Well Corporation 401(k) Plan? ▼
Next read for American Well Corporation 401(k) Plan
Scale reading
Ways to act on American Well Corporation 401(k) Plan's numbers.
- By total assets, American Well Corporation 401(k) Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Massachusetts. Compare plans
- American Well Corporation's sponsor-wide assets have grown 56.8% since 2022 across 3 plan years on file. More Professional & Technical Services plans