401(k) · DOL Form 5500 · 2022
Carefirst, Inc. 401(k) Plan
Data updated 2026-08-11
- $758M
- Total assets
- 5,661
- Participants
- 99th
- Percentile by assets
- $133,819
- Avg per participant
Official DOL plan name: The Carefirst 401(k) Plan · Sponsored by Carefirst, Inc. · Maryland · Finance & Insurance
$758M in assets, 5,661 participants
Carefirst, Inc.'s The Carefirst 401(k) Plan reported $758M in total assets and 5,661 participants in its 2022 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 139,126 plans)
- #9,011 in Finance & Insurance (9,261 peers)
Coverage in Maryland
The Carefirst 401(k) Plan covers 5,661 participants in Maryland, 6.1x the typical Maryland plan (state average ~929 per filing). Assets: $758M.
- $758M
- total plan assets (2022 EOY)
- 5,661
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $133,819
- avg assets per participant
The plan reported a net loss of $178M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Maryland filers
In Maryland, the average filing covers about 929 participants across 2,484 plans. The Carefirst 401(k) Plan reports 5,661 participants - 6.1x that state average ($758M EOY assets).
Maryland filing particulars
| Total Assets (Beginning of Year) | $935M |
|---|---|
| Net Assets (End of Year) | $758M |
| Net Income | -$178M |
| Employer EIN | 522069215 |
| Plan Effective Date | 1984-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Carefirst, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 7,424 | $1.3B |
| 2023 | 2 | 7,448 | $1.5B |
| 2024 | 2 | 7,452 | $1.6B |
Nearby 401(k) Plans in Maryland
Peer 401(k) plans, same state, same plan type, ranked by total assets.
The Carefirst 401(k) Plan vs. nearby 401(k) plans in Maryland, assets vs. participants
- Lockheed Martin Corporation Salaried Savings Plan $43.6B · 87,666
- Marriott Retirement Savings Plan $8.3B · 82,576
- T. Rowe Price U.S. Retirement Program $3.7B · 6,107
- Nfl Player Second Career Savings Plan $3.3B · 2,819
- Sodexo 401 (K) Employees' Retirement Savings Plan and Trust $1.9B · 74,729
Scale composition for The Carefirst 401(k) Plan
The Carefirst 401(k) Plan reports $758M in end-of-year assets across 5,661 participants (0.006% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $133,819 per participant (97% of the national average assets-per-participant) . Net income for plan year 2022 was -$178M.
This plan identity (EIN 522069215, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $758M to $1.1B (+41.4%) while covered participants moved from 5,661 to 5,934 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,661 | $758M | This page |
| 2023 | 5,822 | $920M | Open filing |
| 2024 · index core | 5,934 | $1.1B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- The Carefirst 401(k) Plan (401(k), $1.1B, 5,934 participants)
- Carefirst, Inc. Retirement Plan (Defined Benefit (Pension), $546M, 1,518 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to The Carefirst 401(k) Plan by total assets, not by location.
- Charles River Laboratories, Inc. Savings/Plus Plan (MA) $758M · 9,703
- Locke Lord LLP Retirement Savings Plan (TX) $758M · 991
- Kohler Co. 401(k) Savings Plan for Administrative Associates (WI) $758M · 4,308
- Constellation Software (U.S.a.) Inc. Retirement Savings Plan (IL) $755M · 7,376
Frequently Asked Questions
How did The Carefirst 401(k) Plan assets move in 2022? ▼
How have Carefirst, Inc. plan assets changed over time? ▼
Where does The Carefirst 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to The Carefirst 401(k) Plan? ▼
Next read for The Carefirst 401(k) Plan
Filing takeaways
Ways to act on The Carefirst 401(k) Plan's numbers.
- By total assets, The Carefirst 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Maryland. Compare plans
- Carefirst, Inc.'s sponsor-wide assets have grown 21.6% since 2022 across 3 plan years on file. More Finance & Insurance plans