401(k) · DOL Form 5500 · 2023

Providence Health & Services 401(k) Plan

Data updated 2026-08-25

$8.1B
Total assets Very large vs avg
87,590
Participants Very large workforce
100th
Percentile by assets National rank
$92,691
Avg per participant Below avg balance/head
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Official DOL plan name: 401(k) Savings Plan · Sponsored by Providence Health & Services · Washington · Healthcare & Social Assistance

$8.1B in assets, 87,590 participants

Providence Health & Services's 401(k) Savings Plan reported $8.1B in total assets and 87,590 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.

  • #17,670 in Healthcare & Social Assistance (17,684 peers)

Coverage in Washington

401(k) Savings Plan covers 87,590 participants in Washington, 59x the typical Washington plan (state average ~1,476 per filing). Assets: $8.1B.

#17,670
in Healthcare & Social Assistance (17,684 peers)
+37.6%
assets growth YoY
81×
vs typical plan assets (national mean)

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

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

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

$8,118,808,679 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

401(k) 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. 401(k) Savings Plan is a mega filing (87,590 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • 401(k) Savings Plan reported net income rose from -$337M in the plan year 2022 filing to $1.9B in the plan year 2023 filing.
  • 401(k) Savings Plan end-of-year assets rose from $5.9B in the plan year 2022 filing to $8.1B in the plan year 2023 filing.
  • 401(k) Savings Plan reported participants fell from 95,581 in the plan year 2022 filing to 87,590 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 510216586 · Providence Health & Services PY 2023 · 401(k)

401(k) Savings Plan · $8.1B · 87,590 · 100th

  • EIN $8.1B
  • EIN 87,590
  • EIN 100th
  • EIN 401(k)
  • EIN near Lowes 401(k) Plan
  • EIN ind #17670

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 Washington →

401(k) Savings Plan in the asset neighbourhood

Qualcomm Incorporated Employee Savings and Retirement PlanQualcomm Incorporated Employ…$8.1BInsperity 401(k) Plan$8.1B401(k) Savings Plan$8.1BLowes 401(k) Plan$8.1BGsk 401(k) Plan$8.1B
End-of-year total assets ($B) among 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Washington filing particulars

Total Assets (Beginning of Year)$5.9B
Net Assets (End of Year)$8.1B
Net Income$1.9B
Employer EIN510216586
Plan Effective Date2007-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Providence Health & Services)

Sponsor-wide plan assets over time

All Providence Health & Services plans reported in each filing year

Latest sponsor-wide plan assets
$16.7B 43.19641282802845% vs 2022
2024 filing year
$10B$12B$14B$16B$18B 202220232024 $11.6B $16.7B ▲ +43.2%
Year Plans Participants Total Assets
2022 3 159,211 $11.6B
2023 3 139,416 $14.4B
2024 3 139,572 $16.7B

Nearby 401(k) Plans in Washington

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

401(k) Savings Plan vs. nearby 401(k) plans in Washington, assets vs. participants Scatter plot of 6 data points. 050000100000150000200000 020406080 Total assets ($B) Participants 401(k) Savings Plan, Total assets ($B): 8.118808679 · Participants: 87590401(k) Savings PlanThe Boeing Company 401(k) Retirement Plan, Total assets ($B): 72.246135158 · Participants: 128910The Boeing Company 401(k) Retirement PlanMicrosoft Corporation Savings Plus 401(k) Plan, Total assets ($B): 53.225853429 · Participants: 123296Microsoft Corporation Savings Plus 401(k) PlanCostco 401(k) Retirement Plan, Total assets ($B): 33.384845813 · Participants: 192744Costco 401(k) Retirement PlanT-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust, Total assets ($B): 8.338937292 · Participants: 71538T-Mobile USA, Inc. 401(k) Retirement Savings Plan & TrustProvidence Health & Services 403(b) Value Plan, Total assets ($B): 6.222775252 · Participants: 51684Providence Health & Services 403(b) Value Plan
401(k) Savings Plan vs. nearby 401(k) plans in Washington, assets vs. participants
Compare 401(k) Savings Plan side-by-side with 3 peers →

Scale composition for 401(k) Savings Plan

401(k) Savings Plan reports $8.1B in end-of-year assets across 87,590 participants (0.066% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.093% of 93,925,755 covered participants) - about $92,691 per participant (67% of the national average assets-per-participant) . Net income for plan year 2023 was $1.9B.

This plan identity (EIN 510216586, plan #010) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $5.9B to $10.1B (+70.8%) while covered participants moved from 95,581 to 86,668 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 95,581 $5.9B Open filing
2023 87,590 $8.1B This page
2024 · index core 86,668 $10.1B Open filing

The same sponsor also keeps 2 other index-core plans on PlainRetire:

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

Outside Washington, the nearest 401(k) by assets is Lowes 401(k) Plan in NC ($8.1B); by covered participants it is Best Buy Retirement Savings Plan in MN (88,147 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($8.1B here).

Similar participant headcount

Nearest other-state filings by covered participants (87,590 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 401(k) Savings Plan assets move in 2023? ▼
401(k) Savings Plan surged - up 37.6% during 2023, from $5.9B to $8.1B. Reported net income was $1.9B.
How have Providence Health & Services plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Providence Health & Services's sponsor-wide assets grew 43.2%, from $11.6B to $16.7B.
Where does 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
401(k) 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 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Lowes 401(k) Plan in NC ($8.1B, 295,676 participants).
Which 401(k) plans cover a similar participant headcount to 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Best Buy Retirement Savings Plan in MN (88,147 participants, $2.9B 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 510216586.

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.