401(k) · DOL Form 5500 · 2024

Covenant Medical Group, Inc. 401(k) Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
207
Participants Below avg headcount
64th
Percentile by assets National rank
$70,688
Avg per participant Below avg balance/head
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Official DOL plan name: Covenant Medical Management 401(k) and Profit Sharing Plan · Sponsored by Covenant Medical Group, Inc. · Tennessee · Healthcare & Social Assistance

$15M in assets, 207 participants

Covenant Medical Group, Inc.'s Covenant Medical Management 401(k) and Profit Sharing Plan reported $15M in total assets and 207 participants in its 2024 DOL Form 5500 filing, ranking in the 64th 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.

  • #11,660 in Healthcare & Social Assistance (16,916 peers)

Coverage in Tennessee

Covenant Medical Management 401(k) and Profit Sharing Plan covers 207 participants in Tennessee, about 18% of the average Tennessee filer (state average ~1,126 per filing). Assets: $15M.

#11,660
in Healthcare & Social Assistance (16,916 peers)
+8.2%
assets growth YoY

Covenant Medical Management 401(k) and Profit Sharing Plan's mid-pack asset rank among Healthcare & Social Assistance and all filers

Covenant Medical Management 401(k) and Profit Sharing Plan vs every filed plan by assets

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

$14,632,339 Top 36% higher than 64% 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 Medical Management 401(k) and Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Covenant Medical Management 401(k) and Profit Sharing Plan sits mid-pack in the medium band (207 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Covenant Medical Management 401(k) and Profit Sharing Plan reported net income fell from $2M in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • Covenant Medical Management 401(k) and Profit Sharing Plan end-of-year assets rose from $14M in the plan year 2023 filing to $15M in the plan year 2024 filing.
  • Covenant Medical Management 401(k) and Profit Sharing Plan reported participants fell from 222 in the plan year 2023 filing to 207 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 621282917 · Covenant Medical Group, Inc. PY 2024 · 401(k)

Covenant Medical Management 401(k) and Profit Sharing Plan · $15M · 207 · 64th

  • PCT $15M
  • PCT 207
  • PCT 64th
  • PCT 401(k)
  • PCT near Swk Technologies 401(k) Profit Sharing Plan & Trust
  • PCT ind #11660

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 →

Covenant Medical Management 401(k) and Profit Sharing Plan in the asset neighbourhood

Covenant Medical Management 401(k) and Profit Sharing PlanCovenant Medical Management …$15MSwk Technologies 401(k) Profit Sharing Plan & TrustSwk Technologies 401(k) Prof…$15MNap Asset Holdings 401(k) PlanNap Asset Holdings 401(k) Pl…$15MWestlake Dermatology 401(k) Profit Sharing PlanWestlake Dermatology 401(k) …$15MBobcat Enterprises, Inc. 401(k) Retirement PlanBobcat Enterprises, Inc. 401…$15M
End-of-year total assets ($M) among Covenant Medical Management 401(k) and Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Tennessee filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$15M
Net Income$1M
Employer EIN621282917
Plan Effective Date2003-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Covenant Medical Group, Inc.)

Sponsor-wide plan assets over time

All Covenant Medical Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$15M 23.829490606457636% vs 2022
2024 filing year
$11M$12M$13M$14M$15M 202220232024 $11.8M $14.6M ▲ +23.8%
Year Plans Participants Total Assets
2022 1 236 $12M
2023 1 222 $14M
2024 1 207 $15M

Nearby 401(k) Plans in Tennessee

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

Covenant Medical Management 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -100102030 Total assets ($B) Participants Covenant Medical Management 401(k) and Profit Sharing Plan, Total assets ($B): 0.014632339 · Participants: 207Covenant Medical Management 401(k) and 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 Medical Management 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare Covenant Medical Management 401(k) and Profit Sharing Plan side-by-side with 3 peers →

Covenant Medical Management 401(k) and Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Swk Technologies 401(k) Profit Sharing Plan & Trust in NJ ($15M); by covered participants it is California Retina Associates 401(k) Plan in CA (207 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (207 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 Medical Management 401(k) and Profit Sharing Plan assets move in 2024? ▼
Covenant Medical Management 401(k) and Profit Sharing Plan grew at a solid clip - up 8.2% during 2024, from $14M to $15M. Reported net income was $1M.
How have Covenant Medical Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Covenant Medical Group, Inc.'s sponsor-wide assets grew 23.8%, from $12M to $15M.
Which 401(k) plans are similar in size to Covenant Medical Management 401(k) and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Swk Technologies 401(k) Profit Sharing Plan & Trust in NJ ($15M, 191 participants).
Which 401(k) plans cover a similar participant headcount to Covenant Medical Management 401(k) and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is California Retina Associates 401(k) Plan in CA (207 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 621282917.

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.