401(k) · DOL Form 5500 · 2024
Covenant Health 401(k) Plan
Data updated 2026-08-11
- $894M
- Total assets
- 9,347
- Participants
- 98th
- Percentile by assets
- $95,655
- Avg per participant
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.
- 98th percentile by assets (of 123,622 plans)
- #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.
- $894M
- total plan assets (2024 EOY)
- 9,347
- covered participants
- 98th
- percentile by assets (of 123,622 plans)
- $95,655
- avg assets per participant
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.
Participants vs Tennessee filers
In Tennessee, the average filing covers about 1,126 participants across 2,384 plans. Covenant Health 401(k) Plan reports 9,347 participants - 8.3x that state average ($894M EOY assets).
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)
| 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.
Covenant Health 401(k) Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
- 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 |
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Covenant Health 401(k) Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Covenant Health 401(k) Plan assets move in 2024? ▼
How have Covenant Health plan assets changed over time? ▼
Where does Covenant Health 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Covenant Health 401(k) Plan? ▼
Next read for Covenant Health 401(k) Plan
Filing takeaways
Ways to act on Covenant Health 401(k) Plan's numbers.
- By total assets, Covenant Health 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Tennessee. Compare plans
- Covenant Health's sponsor-wide assets have grown 35.1% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans