401(k) · DOL Form 5500 · 2024
Covenant Health 401(k) Plan
Data updated 2026-08-25
- $894M
- Total assets Above avg plan size
- 9,347
- Participants Very large workforce
- 98th
- Percentile by assets National rank
- $95,655
- Avg per participant Below avg balance/head
Official DOL plan name: Covenant Health 401(k) Plan · Sponsored by Covenant Health · Tennessee · Healthcare & Social Assistance
$894M in assets, 9,347 participants
Covenant Health's Covenant Health 401(k) Plan reported $894M in total assets and 9,347 participants in its 2024 DOL Form 5500 filing, ranking in the 98th 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.
- #16,644 in Healthcare & Social Assistance (16,916 peers)
Coverage in Tennessee
Covenant Health 401(k) Plan covers 9,347 participants in Tennessee, 8.3x the typical Tennessee plan (state average ~1,126 per filing). Assets: $894M.
- #16,644
- in Healthcare & Social Assistance (16,916 peers)
- +14.2%
- assets growth YoY
- 9.0×
- vs typical plan assets (national mean)
Covenant Health 401(k) Plan's outsized position by total assets
Covenant Health 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$894,089,700 Top 2% higher than 98% 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
Covenant Health 401(k) 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 Health 401(k) Plan lands in the large band (9,347 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Covenant Health 401(k) Plan end-of-year assets rose from $783M in the plan year 2023 filing to $894M in the plan year 2024 filing.
- Covenant Health 401(k) Plan reported participants rose from 8,654 in the plan year 2023 filing to 9,347 in the plan year 2024 filing.
- Covenant Health 401(k) Plan reported net income fell from $120M in the plan year 2023 filing to $111M in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 621646734 · Covenant Health PY 2024 · 401(k)
Covenant Health 401(k) Plan · $894M · 9,347 · 98th
- 5500 $894M
- 5500 9,347
- 5500 98th
- 5500 401(k)
- 5500 near Atkinsrealis US Retirement Savings Program
- 5500 ind #16644
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 Health 401(k) Plan in the asset neighbourhood
Tennessee filing particulars
| Total Assets (Beginning of Year) | $783M |
|---|---|
| Net Assets (End of Year) | $894M |
| Net Income | $111M |
| Employer EIN | 621646734 |
| Plan Effective Date | 1984-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Covenant Health)
Sponsor-wide plan assets over time
All Covenant Health plans reported in each filing year
- Latest sponsor-wide plan assets
- $894M 35.08040280343305% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 8,831 | $662M |
| 2023 | 1 | 8,654 | $783M |
| 2024 | 1 | 9,347 | $894M |
Nearby 401(k) Plans in Tennessee
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Fedex Corporation Retirement Savings Plan $25.4B · 113,079
- Hca 401(k) Plan $23.8B · 307,086
- Federal Express Corporation Pilots Retirement Savings Plan $5.3B · 5,830
- International Paper Company Salaried Savings Plan $5.0B · 12,564
- Chs/Community Health Systems, Inc. Retirement Savings Plan $4.8B · 59,441
Scale composition for Covenant Health 401(k) Plan
Covenant Health 401(k) Plan reports $894M in end-of-year assets across 9,347 participants (0.007% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.010% of 93,925,755 covered participants) - about $95,655 per participant (69% of the national average assets-per-participant) . Net income for plan year 2024 was $111M.
This plan identity (EIN 621646734, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $662M to $894M (+35.1%) while covered participants moved from 8,831 to 9,347 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 8,831 | $662M | Open filing |
| 2023 | 8,654 | $783M | Open filing |
| 2024 · index core | 9,347 | $894M | This page |
Covenant Health 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Tennessee, the nearest 401(k) by assets is Atkinsrealis US Retirement Savings Program in DE ($895M); by covered participants it is Anchor Point Management Group Employee Benefit Plan in WA (9,338 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($894M here).
- Atkinsrealis US Retirement Savings Program (DE) $895M · 4,179
- Schneider National, Inc. 401(k) Savings and Retirement Plan (WI) $893M · 15,982
- Victoria's Secret & Co. 401(k) Savings and Retirement Plan (OH) $895M · 17,759
- Dana Retirement Savings Plan (OH) $896M · 3,211
Similar participant headcount
Nearest other-state filings by covered participants (9,347 participants); asset peers above are excluded.
- Anchor Point Management Group Employee Benefit Plan (WA) 9,338 · 9 off
- Radnet 401(k) Plan (CA) 9,328 · 19 off
- Assuredpartners 401(k) Plan (FL) 9,326 · 21 off
- Lasership 401(k) Plan (VA) 9,326 · 21 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.