Defined Benefit (Pension) · DOL Form 5500 · 2023

Laboratory Corporation of America Holdings Pension Plan

Data updated 2026-08-25

$207M
Total assets Near avg plan size
6,972
Participants Above avg headcount
95th
Percentile by assets National rank
$29,718
Avg per participant Low balance/head
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Official DOL plan name: Laboratory Corporation of America Holdings Cash Balance Retirement Plan · Sponsored by Laboratory Corporation of America Holdings · North Carolina · Healthcare & Social Assistance

$207M in assets, 6,972 participants

Laboratory Corporation of America Holdings's Laboratory Corporation of America Holdings Cash Balance Retirement Plan reported $207M in total assets and 6,972 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • #16,879 in Healthcare & Social Assistance (17,684 peers)

Coverage in North Carolina

Laboratory Corporation of America Holdings Cash Balance Retirement Plan covers 6,972 participants in North Carolina, 8.5x the typical North Carolina plan (state average ~819 per filing). Assets: $207M.

#16,879
in Healthcare & Social Assistance (17,684 peers)
-9.4%
assets change YoY
2.1×
vs typical plan assets (national mean)

The plan reported a net loss of $21M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Laboratory Corporation of America Holdings Cash Balance Retirement Plan's outsized position by total assets

Laboratory Corporation of America Holdings Cash Balance Retirement Plan vs every filed plan by assets

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

$207,192,615 Top 5% higher than 95% 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

Laboratory Corporation of America Holdings Cash Balance Retirement 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. Laboratory Corporation of America Holdings Cash Balance Retirement Plan lands in the large band (6,972 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Laboratory Corporation of America Holdings Cash Balance Retirement Plan reported net income rose from -$72M in the plan year 2022 filing to -$21M in the plan year 2023 filing.
  • Laboratory Corporation of America Holdings Cash Balance Retirement Plan end-of-year assets fell from $229M in the plan year 2022 filing to $207M in the plan year 2023 filing.
  • Laboratory Corporation of America Holdings Cash Balance Retirement Plan reported participants fell from 7,513 in the plan year 2022 filing to 6,972 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 133757370 · Laboratory Corporation of America Holdings PY 2023 · Defined Benefit (Pension)

Laboratory Corporation of America Holdings Cash Balance Retirement Plan · $207M · 6,972 · 95th

  • TYPE $207M
  • TYPE 6,972
  • TYPE 95th
  • TYPE Defined Benefit (Pension)
  • TYPE near Sheppard, Mullin, Richter & Hampton LLP Cash Balance Pension Plan
  • TYPE ind #16879

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 →

Laboratory Corporation of America Holdings Cash Balance Retirement Plan in the asset neighbourhood

Penn Mutual Retirement Plan$207MIronworkers Local 549-550 Pension PlanIronworkers Local 549-550 Pe…$207MConsumers Credit Union Defined Benefit Plan and TrustConsumers Credit Union Defin…$207MLaboratory Corporation of America Holdings Cash Balance Retirement PlanLaboratory Corporation of Am…$207MSheppard, Mullin, Richter & Hampton LLP Cash Balance Pension PlanSheppard, Mullin, Richter & …$207M
End-of-year total assets ($M) among Laboratory Corporation of America Holdings Cash Balance Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$229M
Net Assets (End of Year)$207M
Net Income-$21M
Employer EIN133757370
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Laboratory Corporation of America Holdings)

Sponsor-wide plan assets over time

All Laboratory Corporation of America Holdings plans reported in each filing year

Latest sponsor-wide plan assets
$4.7B 18.864335932819472% vs 2022
2024 filing year
$3.5B$4B$4.5B$5B 202220232024 $3.93B $4.67B ▲ +18.8%
Year Plans Participants Total Assets
2022 2 53,675 $3.9B
2023 2 57,798 $4.1B
2024 2 57,250 $4.7B

Nearby Defined Benefit (Pension) Plans in North Carolina

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

Laboratory Corporation of America Holdings Cash Balance Retirement Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -505101520 Total assets ($B) Participants Laboratory Corporation of America Holdings Cash Balance Retirement Plan, Total assets ($B): 0.207192615 · Participants: 6972Laboratory Corporation of America Holdings Cash Balance Retirement 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
Laboratory Corporation of America Holdings Cash Balance Retirement Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Laboratory Corporation of America Holdings Cash Balance Retirement Plan side-by-side with 3 peers →

Scale composition for Laboratory Corporation of America Holdings Cash Balance Retirement Plan

Laboratory Corporation of America Holdings Cash Balance Retirement Plan reports $207M in end-of-year assets across 6,972 participants (0.002% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $29,718 per participant (21% of the national average assets-per-participant) . Net income for plan year 2023 was -$21M.

This plan identity (EIN 133757370, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $229M to $196M (-14.1%) while covered participants moved from 7,513 to 9,540 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 7,513 $229M Open filing
2023 6,972 $207M This page
2024 · index core 9,540 $196M Open filing

The same sponsor also keeps 2 other index-core plans on PlainRetire:

Laboratory Corporation of America Holdings Cash Balance Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Sheppard, Mullin, Richter & Hampton LLP Cash Balance Pension Plan in CA ($207M); by covered participants it is Daimler Truck North America UAW Pension Plan in OR (6,962 participants). Same-state nearby plans are listed separately above.

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 Laboratory Corporation of America Holdings Cash Balance Retirement Plan assets move in 2023? ▼
Laboratory Corporation of America Holdings Cash Balance Retirement Plan pulled back noticeably - down 9.4% during 2023, from $229M to $207M. Reported net income was -$21M.
How have Laboratory Corporation of America Holdings plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Laboratory Corporation of America Holdings's sponsor-wide assets grew 18.9%, from $3.9B to $4.7B.
Where does Laboratory Corporation of America Holdings Cash Balance Retirement Plan rank by assets among Form 5500 filers? ▼
Laboratory Corporation of America Holdings Cash Balance Retirement Plan ranks in the 95th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Laboratory Corporation of America Holdings Cash Balance Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Sheppard, Mullin, Richter & Hampton LLP Cash Balance Pension Plan in CA ($207M, 420 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Laboratory Corporation of America Holdings Cash Balance Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Daimler Truck North America UAW Pension Plan in OR (6,962 participants, $805M 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 133757370.

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.