Other · DOL Form 5500 · 2024

Covenant Woods Retirement Plan

Data updated 2026-08-11

$10M
Total assets
318
Participants
57th
Percentile by assets
$32,832
Avg per participant
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Official DOL plan name: Covenant Woods 403b Retirement Savings Plan · Sponsored by Covenant Woods · Virginia · Healthcare & Social Assistance

$10M in assets, 318 participants

Covenant Woods's Covenant Woods 403b Retirement Savings Plan reported $10M in total assets and 318 participants in its 2024 DOL Form 5500 filing, ranking in the 57th 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.

  • 57th percentile by assets (of 123,622 plans)
  • #10,506 in Healthcare & Social Assistance (16,916 peers)

Coverage in Virginia

Covenant Woods 403b Retirement Savings Plan covers 318 participants in Virginia, about 41% of the average Virginia filer (state average ~782 per filing). Assets: $10M.

$10M
total plan assets (2024 EOY)
318
covered participants
57th
percentile by assets (of 123,622 plans)
$32,832
avg assets per participant

Where Covenant Woods 403b Retirement Savings Plan sits by total assets

Covenant Woods 403b Retirement Savings Plan vs every filed plan by assets

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

$10,440,586 Top 43% higher than 57% of 123,620 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Covenant Woods 403b Retirement Savings Plan reported net income rose from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Covenant Woods 403b Retirement Savings Plan end-of-year assets rose from $8M in the plan year 2023 filing to $10M in the plan year 2024 filing.
  • Covenant Woods 403b Retirement Savings Plan reported participants rose from 299 in the plan year 2023 filing to 318 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Participants vs Virginia filers

In Virginia, the average filing covers about 782 participants across 3,655 plans. Covenant Woods 403b Retirement Savings Plan reports 318 participants - about 41% of that state average ($10M EOY assets).

Virginia filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$10M
Net Income$2M
Employer EIN540524902
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Covenant Woods)

$6M$8M$10M$12M 202220232024 $6.56M $10.4M ▲ +59.1%
Total plan assets by year, all Covenant Woods plans on file
Year Plans Participants Total Assets
2022 1 299 $7M
2023 1 299 $8M
2024 1 318 $10M

Nearby Other Plans in Virginia

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

Covenant Woods 403b Retirement Savings Plan vs. nearby Other plans in Virginia, assets vs. participants

Covenant Woods 403b Retirement Savings Plan vs. nearby Other plans in Virginia, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -20246 Total assets ($B) Participants Covenant Woods 403b …The Mitre Corporatio…Sentara 403(b) Savin…The George Washingto…Institute for Defens…Carilion Clinic 403(…
Covenant Woods 403b Retirement Savings Plan vs. nearby Other plans in Virginia, assets vs. participants

Similar-Sized Other Plans Nationally

Other plans in other states closest to Covenant Woods 403b Retirement Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Covenant Woods 403b Retirement Savings Plan assets move in 2024?
Covenant Woods 403b Retirement Savings Plan grew sharply - up 27.4% during 2024, from $8M to $10M. Reported net income was $2M.
How have Covenant Woods plan assets changed over time?
Across 3 plan years on file (2022-2024), Covenant Woods's sponsor-wide assets grew 59.3%, from $7M to $10M.
Which Other plans are similar in size to Covenant Woods 403b Retirement Savings Plan?
Among Other plans in other states, the closest by assets is Marianapolis Preparatory School Defined Contrib Ret Plan in CT ($10M, 81 participants).

Next read for Covenant Woods 403b Retirement Savings P…

Filing takeaways

Ways to act on Covenant Woods 403b Retirement Savings Plan's numbers.