Covance Inc. 401(k) Plan (terminated 2020): Login, Facts & Contact Information
This plan was terminated. Its final Form 5500 covers plan year 2020, when $1.57 billion was transferred out of the plan. Assets moved to the LABORATORY CORPORATION OF AMERICA HOLDINGS 401(K) SAVINGS PLAN (sponsored by LABORATORY CORPORATION OF AMERICA HOLDINGS). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.
See the LABORATORY CORPORATION OF AMERICA HOLDINGS 401(K) SAVINGS PLAN →Covance Inc. 401(k) Login
Retirement plan providers can change. This information is from the plan's 2020 filing.
Covance Inc. 401(k) Plan Facts (plan year 2020)
Source: Form 5500 for plan year 2020 (Jan 1, 2020 – Dec 31, 2020), filed Oct 7, 2021. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2020
- $117.6 million went into the plan in contributions, $31.8 million of it from the employer (27%).
- $107.9 million was paid out to participants.
- Investment and other income added $239.2 million.
How the Covance Inc. 401(k) changed, 2015–2020
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2015 | 9,802 | $802.4 million | $21.9 million | $71.7 million |
| 2016 | 10,673 | $881.6 million | $24.1 million | $66.4 million |
| 2017 | 12,123 | $1.05 billion | $25.9 million | $90.3 million |
| 2018 | 12,133 | $954.2 million | $24.4 million | $129.2 million |
| 2019 | 12,336 | $1.32 billion | $31.0 million | $107.7 million |
| 2020 (final) | 15,099 | $0 | $31.8 million | $107.9 million |
Covance Inc. 401(k) Contact Information
Questions about the Covance Inc. 401(k)
Is the Covance Inc 401(k) plan still active?
No. The plan's final Form 5500 was filed for plan year 2020. Its assets were transferred to the LABORATORY CORPORATION OF AMERICA HOLDINGS 401(K) SAVINGS PLAN.
Does Covance Inc contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2020 the employer contributed $31.8 million, 27% of all contributions.
Does the Covance Inc 401(k) have automatic enrollment?
Yes. The plan reports automatic enrollment of eligible employees.
How many people are in the Covance Inc 401(k) plan?
15,099 participants at the start of plan year 2020.
Who manages the Covance Inc 401(k) accounts?
Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INST OPS CO) is the plan's recordkeeper, which is where participants log in to see their balance.