Other · DOL Form 5500 · 2022

Foundation for the Carolinas Retirement Plan

Data updated 2026-08-11

$24M
Total assets
140
Participants
80th
Percentile by assets
$173,903
Avg per participant
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Official DOL plan name: Foundation for the Carolinas DC Plan · Sponsored by Foundation for the Carolinas · North Carolina · Other Services

$24M in assets, 140 participants

Foundation for the Carolinas's Foundation for the Carolinas DC Plan reported $24M in total assets and 140 participants in its 2022 DOL Form 5500 filing, ranking in the 80th 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.

  • 80th percentile by assets (of 139,126 plans)
  • #7,524 in Other Services (8,398 peers)

Coverage in North Carolina

Foundation for the Carolinas DC Plan covers 140 participants in North Carolina, about 17% of the average North Carolina filer (state average ~819 per filing). Assets: $24M.

$24M
total plan assets (2022 EOY)
140
covered participants
80th
percentile by assets (of 139,126 plans)
$173,903
avg assets per participant

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Foundation for the Carolinas DC Plan sits by total assets

Foundation for the Carolinas DC Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$24,346,357 Top 20% higher than 80% of 139,123 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

State
North Carolina
Industry
Other Services

Participants vs North Carolina filers

In North Carolina, the average filing covers about 819 participants across 3,515 plans. Foundation for the Carolinas DC Plan reports 140 participants - about 17% of that state average ($24M EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)$27M
Net Assets (End of Year)$24M
Net Income-$3M
Employer EIN566047886
Plan Effective Date2003-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Foundation for the Carolinas)

$20M$25M$30M$35M 202220232024 $24.4M $32.5M ▲ +33.3%
Total plan assets by year, all Foundation for the Carolinas plans on file
Year Plans Participants Total Assets
2022 1 140 $24M
2023 1 165 $30M
2024 1 179 $32M

Nearby Other Plans in North Carolina

Peer Other plans, same state, same plan type, ranked by total assets.

Foundation for the Carolinas DC Plan vs. nearby Other plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -202468 Total assets ($B) Participants Foundation for the C…, Total assets ($B): 0.024346357 · Participants: 140Foundation for the C…The Duke University …, Total assets ($B): 7.562740816 · Participants: 43924The Duke University …Wake Forest Baptist …, Total assets ($B): 2.676072314 · Participants: 20031Wake Forest Baptist …The Moses H. Cone Me…, Total assets ($B): 1.233882537 · Participants: 13292The Moses H. Cone Me…Wake Forest Universi…, Total assets ($B): 0.686528413 · Participants: 2632Wake Forest Universi…Caromont Health, Inc…, Total assets ($B): 0.374675935 · Participants: 4211Caromont Health, Inc…
Foundation for the Carolinas DC Plan vs. nearby Other plans in North Carolina, assets vs. participants
Compare Foundation for the Carolinas DC Plan side-by-side with 3 peers →

Similar-Sized Other Plans Nationally

Other plans in other states closest to Foundation for the Carolinas DC Plan by total assets, not by location.

Frequently Asked Questions

How did Foundation for the Carolinas DC Plan assets move in 2022? ▼
Foundation for the Carolinas DC Plan pulled back noticeably - down 11.3% during 2022, from $27M to $24M. Reported net income was -$3M.
How have Foundation for the Carolinas plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Foundation for the Carolinas's sponsor-wide assets grew 33.4%, from $24M to $32M.
Where does Foundation for the Carolinas DC Plan rank by assets among Form 5500 filers? ▼
Foundation for the Carolinas DC Plan ranks in the 80th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Other plans are similar in size to Foundation for the Carolinas DC Plan? ▼
Among Other plans in other states, the closest by assets is West River Health Service Foundation and Subsidiaries Tax Deferred Annuity Plan in ND ($24M, 301 participants).

Next read for Foundation for the Carolinas DC Plan

Filing takeaways

Ways to act on Foundation for the Carolinas DC Plan's numbers.

  • By total assets, Foundation for the Carolinas DC Plan ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Other plans in North Carolina. Compare plans
  • Foundation for the Carolinas's sponsor-wide assets have grown 33.4% since 2022 across 3 plan years on file. More Other Services plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 566047886.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.