Defined Benefit (Pension) · DOL Form 5500 · 2023

WAKEMED Pension Plan

Data updated 2026-08-25

$93M
Total assets Below avg plan size
1,990
Participants Near avg headcount
91st
Percentile by assets National rank
$46,758
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Wakemed Pension Plan · Sponsored by WAKEMED · North Carolina · Healthcare & Social Assistance

$93M in assets, 1,990 participants

WAKEMED's Wakemed Pension Plan reported $93M in total assets and 1,990 participants in its 2023 DOL Form 5500 filing, ranking in the 91st 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.

  • #16,264 in Healthcare & Social Assistance (17,684 peers)

Coverage in North Carolina

Wakemed Pension Plan covers 1,990 participants in North Carolina, 2.4x the typical North Carolina plan (state average ~819 per filing). Assets: $93M.

#16,264
in Healthcare & Social Assistance (17,684 peers)
+6.2%
assets growth YoY
0.9×
vs typical plan assets (national mean)

Wakemed Pension Plan's outsized position by total assets

Wakemed Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$93,048,593 Top 9% higher than 91% of 127,068 filed plans

This plan $0 $2,050,000,000 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 2023

Wakemed Pension Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Wakemed Pension Plan lands in the large band (1,990 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Wakemed Pension Plan reported net income rose from -$22M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Wakemed Pension Plan reported participants fell from 2,166 in the plan year 2022 filing to 1,990 in the plan year 2023 filing.
  • Wakemed Pension Plan end-of-year assets rose from $88M in the plan year 2022 filing to $93M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 566017737 · WAKEMED PY 2023 · Defined Benefit (Pension)

Wakemed Pension Plan · $93M · 1,990 · 91st

  • ASSETS $93M
  • PCT 1,990
  • EIN 91st
  • RANK Defined Benefit (Pension)
  • PHOTO near Continental NA Pension Plan
  • IND ind #16264

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Healthcare & Social Assistance retirement plans → · Plans in North Carolina →

Wakemed Pension Plan in the asset neighbourhood

Pension Plan for Cooperatives$93MAvis Rent a Car System, LLC Pension PlanAvis Rent a Car System, LLC …$93MContinental NA Pension Plan$93MWakemed Pension Plan$93MLaborers' Local #157 Pension FundLaborers' Local #157 Pension…$93M
End-of-year total assets ($M) among Wakemed Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$88M
Net Assets (End of Year)$93M
Net Income$5M
Employer EIN566017737
Plan Effective Date1965-12-31
Filing StatusFILING RECEIVED

Sponsor Plan History (WAKEMED)

Sponsor-wide plan assets over time

All WAKEMED plans reported in each filing year

Latest sponsor-wide plan assets
$1.5B 27.724753350008108% vs 2022
2024 filing year
$1B$1.2B$1.4B$1.6B 202220232024 $1.2B $1.54B ▲ +28.3%
Year Plans Participants Total Assets
2022 2 13,855 $1.2B
2023 2 13,748 $1.3B
2024 2 12,940 $1.5B

Nearby Defined Benefit (Pension) Plans in North Carolina

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Wakemed Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -505101520 Total assets ($B) Participants Wakemed Pension Plan, Total assets ($B): 0.093048593 · Participants: 1990Wakemed Pension PlanHoneywell Retirement Earnings Plan, Total assets ($B): 16.613752395 · Participants: 11145Honeywell Retirement Earnings PlanTruist Financial Corporation Pension Plan, Total assets ($B): 14.582387965 · Participants: 45818Truist Financial Corporation Pension PlanDuke Energy Retirement Cash Balance Plan, Total assets ($B): 4.0264 · Participants: 14485Duke Energy Retirement Cash Balance PlanDuke Energy Legacy Pension Plan, Total assets ($B): 3.3721 · Participants: 371Duke Energy Legacy Pension PlanEmployees' Retirement Plan of Duke University, Total assets ($B): 2.616859519 · Participants: 21020Employees' Retirement Plan of Duke University
Wakemed Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Wakemed Pension Plan side-by-side with 3 peers →

Wakemed Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Continental NA Pension Plan in SC ($93M); by covered participants it is Kodak Retirement Income Plan in NY (1,991 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($93M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,990 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Wakemed Pension Plan assets move in 2023? ▼
Wakemed Pension Plan grew at a solid clip - up 6.2% during 2023, from $88M to $93M. Reported net income was $5M.
How have WAKEMED plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), WAKEMED's sponsor-wide assets grew 27.7%, from $1.2B to $1.5B.
Where does Wakemed Pension Plan rank by assets among Form 5500 filers? ▼
Wakemed Pension Plan ranks in the 91st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Wakemed Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Continental NA Pension Plan in SC ($93M, 190 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Wakemed Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Kodak Retirement Income Plan in NY (1,991 participants, $3.5B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 566017737.

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.