Covenant Care 401(k) Plan: Login, Facts & Contact Information

Covenant Care 401(k) Plan Facts

Plan name
COVENANT CARE 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
COVENANT CARE CALIFORNIA, LLC
Participants
5,099 (4,261 active employees)
Former employees with a balance
632
Plan assets
$73,475,625 at Dec 31, 2024
Average account balance
$52,408 across 1,402 accounts
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jun 1, 1995
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 10, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $5.60 million went into the plan in contributions.
  • $15.5 million was paid out to participants.
  • Investment and other income added $8.93 million.
  • Administrative expenses were $228,299, about $163 per account.

How the Covenant Care 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20196,486$71.0 million$-188$11.7 million
20205,783$77.4 million$0$8.44 million
20215,078$83.3 million—$10.4 million
20224,990$66.2 million—$9.06 million
20235,122$74.8 million$-250$9.00 million
20245,099$73.5 million—$15.5 million

Covenant Care 401(k) Contact Information

Phone
949-349-1200
Mailing address
120 VANTIS DRIVE SUITE 200, ALISO VIEJO CA 926562677
Plan sponsor
COVENANT CARE CALIFORNIA, LLC
Employer identification number (EIN)
33-0631540
Plan number
001

Questions about the Covenant Care 401(k)

Does Covenant Care contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement.

Does the Covenant Care 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Covenant Care 401(k) plan?

5,099 participants at the start of plan year 2024, 4,261 of them active employees, and 632 former employees who still had money in the plan.

What is the average 401(k) balance at Covenant Care?

About $52,408 per account: $73.5 million in plan assets across 1,402 accounts with a balance at the end of plan year 2024.

Who manages the Covenant Care 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Covenant Care. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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