401(k) · DOL Form 5500 · 2023

Carilion Clinic 401(k) Plan

Data updated 2026-08-11

$126M
Total assets
2,360
Participants
93rd
Percentile by assets
$53,239
Avg per participant
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Official DOL plan name: Carilion Clinic 401(k) Retirement Savings Plan · Sponsored by Carilion Clinic · Virginia · Healthcare & Social Assistance

$126M in assets, 2,360 participants

Carilion Clinic's Carilion Clinic 401(k) Retirement Savings Plan reported $126M in total assets and 2,360 participants in its 2023 DOL Form 5500 filing, ranking in the 93rd 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.

  • 93rd percentile by assets (of 127,072 plans)
  • #16,551 in Healthcare & Social Assistance (17,684 peers)

Coverage in Virginia

Carilion Clinic 401(k) Retirement Savings Plan covers 2,360 participants in Virginia, 3.0x the typical Virginia plan (state average ~782 per filing). Assets: $126M.

$126M
total plan assets (2023 EOY)
2,360
covered participants
93rd
percentile by assets (of 127,072 plans)
$53,239
avg assets per participant

Where Carilion Clinic 401(k) Retirement Savings Plan sits by total assets

Carilion Clinic 401(k) Retirement Savings Plan vs every filed plan by assets

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

$125,644,181 Top 7% higher than 93% of 127,068 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 2023

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Carilion Clinic 401(k) Retirement Savings Plan reported net income rose from -$25M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • Carilion Clinic 401(k) Retirement Savings Plan end-of-year assets rose from $112M in the plan year 2022 filing to $126M in the plan year 2023 filing.
  • Carilion Clinic 401(k) Retirement Savings Plan reported participants fell from 2,411 in the plan year 2022 filing to 2,360 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Virginia
Industry
Healthcare & Social Assistance

Participants vs Virginia filers

In Virginia, the average filing covers about 782 participants across 3,655 plans. Carilion Clinic 401(k) Retirement Savings Plan reports 2,360 participants - 3.0x that state average ($126M EOY assets).

Virginia filing particulars

Total Assets (Beginning of Year)$112M
Net Assets (End of Year)$126M
Net Income$13M
Employer EIN541190771
Plan Effective Date1995-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Carilion Clinic)

$1.8B$2B$2.2B$2.4B$2.6B 202220232024 $1.98B $2.4B ▲ +21.2%
Total plan assets by year, all Carilion Clinic plans on file
Year Plans Participants Total Assets
2022 3 25,551 $2.0B
2023 3 26,344 $2.3B
2024 3 26,103 $2.4B

Nearby 401(k) Plans in Virginia

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Carilion Clinic 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Carilion Clinic 401(…, Total assets ($B): 0.125644181 · Participants: 2360Carilion Clinic 401(…Northrop Grumman Sav…, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Sav…401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Cor…, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Cor…Leidos, Inc. Retirem…, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirem…Bae Systems Employee…, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employee…
Carilion Clinic 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Carilion Clinic 401(k) Retirement Saving… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Carilion Clinic 401(k) Retirement Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Carilion Clinic 401(k) Retirement Savings Plan assets move in 2023? ▼
Carilion Clinic 401(k) Retirement Savings Plan grew at a solid clip - up 11.9% during 2023, from $112M to $126M. Reported net income was $13M.
How have Carilion Clinic plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Carilion Clinic's sponsor-wide assets grew 20.7%, from $2.0B to $2.4B.
Where does Carilion Clinic 401(k) Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Carilion Clinic 401(k) Retirement Savings Plan ranks in the 93rd 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 401(k) plans are similar in size to Carilion Clinic 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Crown Packaging Corp. 401(k) Plan in MO ($126M, 429 participants).

Next read for Carilion Clinic 401(k) Retirement Saving…

Filing takeaways

Ways to act on Carilion Clinic 401(k) Retirement Savings Plan's numbers.

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 541190771.

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.