401(k) · DOL Form 5500 · 2024

Covenant Transport, Inc. 401(k) Plan

Data updated 2026-08-25

$79M
Total assets Below avg plan size
3,096
Participants Above avg headcount
89th
Percentile by assets National rank
$25,652
Avg per participant Low balance/head
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Official DOL plan name: Covenant Transportation Group 401(k) & Profit Sharing Plan · Sponsored by Covenant Transport, Inc. · Tennessee · Transportation & Warehousing

$79M in assets, 3,096 participants

Covenant Transport, Inc.'s Covenant Transportation Group 401(k) & Profit Sharing Plan reported $79M in total assets and 3,096 participants in its 2024 DOL Form 5500 filing, ranking in the 89th 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.

  • #2,856 in Transportation & Warehousing (3,299 peers)

Coverage in Tennessee

Covenant Transportation Group 401(k) & Profit Sharing Plan covers 3,096 participants in Tennessee, 2.7x the typical Tennessee plan (state average ~1,126 per filing). Assets: $79M.

#2,856
in Transportation & Warehousing (3,299 peers)
+13.6%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Covenant Transportation Group 401(k) & Profit Sharing Plan's outsized position by total assets

Covenant Transportation Group 401(k) & Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$79,417,859 Top 11% higher than 89% of 123,620 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 2024

Covenant Transportation Group 401(k) & Profit Sharing Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Covenant Transportation Group 401(k) & Profit Sharing Plan lands in the large band (3,096 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Covenant Transportation Group 401(k) & Profit Sharing Plan reported net income fell from $10M in the plan year 2023 filing to $8M in the plan year 2024 filing.
  • Covenant Transportation Group 401(k) & Profit Sharing Plan end-of-year assets rose from $70M in the plan year 2023 filing to $79M in the plan year 2024 filing.
  • Covenant Transportation Group 401(k) & Profit Sharing Plan reported participants rose from 3,085 in the plan year 2023 filing to 3,096 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 880320154 · Covenant Transport, Inc. PY 2024 · 401(k)

Covenant Transportation Group 401(k) & Profit Sharing Plan · $79M · 3,096 · 89th

  • RANK $79M
  • RANK 3,096
  • RANK 89th
  • RANK 401(k)
  • RANK near Power Design, Inc. Retirement Plan
  • RANK ind #2856

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 Transportation & Warehousing retirement plans → · Plans in Tennessee →

Covenant Transportation Group 401(k) & Profit Sharing Plan in the asset neighbourhood

Covenant Transportation Group 401(k) & Profit Sharing PlanCovenant Transportation Grou…$79MPower Design, Inc. Retirement PlanPower Design, Inc. Retiremen…$79MCobb Emc 401(k) Plan$79MDelve Holdings, Inc. 401(k) PlanDelve Holdings, Inc. 401(k) …$79MDilworth Paxson LLP 401(k) Savings PlanDilworth Paxson LLP 401(k) S…$79M
End-of-year total assets ($M) among Covenant Transportation Group 401(k) & Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Tennessee filing particulars

Total Assets (Beginning of Year)$70M
Net Assets (End of Year)$79M
Net Income$8M
Employer EIN880320154
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Covenant Transport, Inc.)

Sponsor-wide plan assets over time

All Covenant Transport, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$79M 32.78130411575458% vs 2022
2024 filing year
$50M$60M$70M$80M$90M 202220232024 $59.8M $79.4M ▲ +32.8%
Year Plans Participants Total Assets
2022 1 3,052 $60M
2023 1 3,085 $70M
2024 1 3,096 $79M

Nearby 401(k) Plans in Tennessee

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

Covenant Transportation Group 401(k) & Profit Sharing Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -100102030 Total assets ($B) Participants Covenant Transportation Group 401(k) & Profit Sharing Plan, Total assets ($B): 0.079417859 · Participants: 3096Covenant Transportation Group 401(k) & Profit Sharing PlanFedex Corporation Retirement Savings Plan, Total assets ($B): 25.378065969 · Participants: 113079Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 23.821303026 · Participants: 307086Hca 401(k) PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 5.306930367 · Participants: 5830Federal Express Corporation Pilots Retirement Savings PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.993858777 · Participants: 12564International Paper Company Salaried Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.778242011 · Participants: 59441Chs/Community Health Systems, Inc. Retirement Savings Plan
Covenant Transportation Group 401(k) & Profit Sharing Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants

Covenant Transportation Group 401(k) & Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Power Design, Inc. Retirement Plan in FL ($79M); by covered participants it is Fairview Health Services 401(k) Plan in MN (3,095 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($79M here).

Similar participant headcount

Nearest other-state filings by covered participants (3,096 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Covenant Transportation Group 401(k) & Profit Sharing Plan assets move in 2024?
Covenant Transportation Group 401(k) & Profit Sharing Plan grew at a solid clip - up 13.6% during 2024, from $70M to $79M. Reported net income was $8M.
How have Covenant Transport, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), Covenant Transport, Inc.'s sponsor-wide assets grew 32.8%, from $60M to $79M.
Where does Covenant Transportation Group 401(k) & Profit Sharing Plan rank by assets among Form 5500 filers?
Covenant Transportation Group 401(k) & Profit Sharing Plan ranks in the 89th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Covenant Transportation Group 401(k) & Profit Sharing Plan?
Among 401(k) plans in other states, the closest by assets is Power Design, Inc. Retirement Plan in FL ($79M, 2,706 participants).
Which 401(k) plans cover a similar participant headcount to Covenant Transportation Group 401(k) & Profit Sharing Plan?
Among 401(k) plans in other states, the closest by covered participants is Fairview Health Services 401(k) Plan in MN (3,095 participants, $176M in assets).