Defined Benefit (Pension) · DOL Form 5500 · 2023
Laboratory Corporation of America Holdings Pension Plan
Data updated 2026-08-11
- $207M
- Total assets
- 6,972
- Participants
- 95th
- Percentile by assets
- $29,718
- Avg per participant
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.
- 95th percentile by assets (of 127,072 plans)
- #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.
- $207M
- total plan assets (2023 EOY)
- 6,972
- covered participants
- 95th
- percentile by assets (of 127,072 plans)
- $29,718
- avg assets per participant
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.
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.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 819 participants across 3,515 plans. Laboratory Corporation of America Holdings Cash Balance Retirement Plan reports 6,972 participants - 8.5x that state average ($207M EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $229M |
|---|---|
| Net Assets (End of Year) | $207M |
| Net Income | -$21M |
| Employer EIN | 133757370 |
| Plan Effective Date | 1992-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Laboratory Corporation of America Holdings)
| 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
- Honeywell Retirement Earnings Plan $16.6B · 11,145
- Truist Financial Corporation Pension Plan $14.6B · 45,818
- Duke Energy Retirement Cash Balance Plan $4.0B · 14,485
- Duke Energy Legacy Pension Plan $3.4B · 371
- Employees' Retirement Plan of Duke University $2.6B · 21,020
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 401(k) Savings Plan (401(k), $4.5B, 47,710 participants)
- Laboratory Corporation of America Holdings Cash Balance Retirement Plan (Defined Benefit (Pension), $196M, 9,540 participants)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Laboratory Corporation of America Holdings Cash Balance Retirement Plan by total assets, not by location.
- Sheppard, Mullin, Richter & Hampton LLP Cash Balance Pension Plan (CA) $207M · 420
- Consumers Credit Union Defined Benefit Plan and Trust (IL) $207M · 432
- Ironworkers Local 549-550 Pension Plan (WV) $207M · 980
- Penn Mutual Retirement Plan (PA) $207M · 153
Frequently Asked Questions
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Filing takeaways
Ways to act on Laboratory Corporation of America Holdings Cash Balance Retirement Plan's numbers.
- By total assets, Laboratory Corporation of America Holdings Cash Balance Retirement Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in North Carolina. Compare plans
- Laboratory Corporation of America Holdings's sponsor-wide assets have grown 18.9% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans