Other · DOL Form 5500 · 2023

Carilion Clinic Retirement Plan

Data updated 2026-08-25

$722M
Total assets Above avg plan size
12,978
Participants Very large workforce
98th
Percentile by assets National rank
$55,639
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Carilion Clinic 403(b) Retirement Savings Plan · Sponsored by Carilion Clinic · Virginia · Healthcare & Social Assistance

$722M in assets, 12,978 participants

Carilion Clinic's Carilion Clinic 403(b) Retirement Savings Plan reported $722M in total assets and 12,978 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

  • #17,386 in Healthcare & Social Assistance (17,684 peers)

Coverage in Virginia

Carilion Clinic 403(b) Retirement Savings Plan covers 12,978 participants in Virginia, 17x the typical Virginia plan (state average ~782 per filing). Assets: $722M.

#17,386
in Healthcare & Social Assistance (17,684 peers)
+21.0%
assets growth YoY
7.2×
vs typical plan assets (national mean)

Carilion Clinic 403(b) Retirement Savings Plan's outsized position by total assets

Carilion Clinic 403(b) Retirement Savings Plan vs every filed plan by assets

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

$722,085,709 Top 2% higher than 98% 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

Carilion Clinic 403(b) Retirement Savings Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Carilion Clinic 403(b) Retirement Savings Plan is a mega filing (12,978 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Carilion Clinic 403(b) Retirement Savings Plan reported net income rose from -$105M in the plan year 2022 filing to $125M in the plan year 2023 filing.
  • Carilion Clinic 403(b) Retirement Savings Plan end-of-year assets rose from $597M in the plan year 2022 filing to $722M in the plan year 2023 filing.
  • Carilion Clinic 403(b) Retirement Savings Plan reported participants rose from 12,418 in the plan year 2022 filing to 12,978 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 541190771 · Carilion Clinic PY 2023 · Other

Carilion Clinic 403(b) Retirement Savings Plan · $722M · 12,978 · 98th

  • RANK $722M
  • RANK 12,978
  • RANK 98th
  • RANK Other
  • RANK near Fermi National Accelerator Laboratory Tax Sheltered Annuity Plan
  • RANK ind #17386

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 Virginia →

Carilion Clinic 403(b) Retirement Savings Plan in the asset neighbourhood

Carilion Clinic 403(b) Retirement Savings PlanCarilion Clinic 403(b) Retir…$722MFermi National Accelerator Laboratory Tax Sheltered Annuity PlanFermi National Accelerator L…$722MWellesley College 403(b) Retirement PlanWellesley College 403(b) Ret…$722MCarpenters & Joiners Defined Contribution PlanCarpenters & Joiners Defined…$719MUniversity of San Diego Defined Contribution Retirement PlanUniversity of San Diego Defi…$719M
End-of-year total assets ($M) among Carilion Clinic 403(b) Retirement Savings Plan and nearest nationwide Other peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$597M
Net Assets (End of Year)$722M
Net Income$125M
Employer EIN541190771
Plan Effective Date1995-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Carilion Clinic)

Sponsor-wide plan assets over time

All Carilion Clinic plans reported in each filing year

Latest sponsor-wide plan assets
$2.4B 20.722181716512168% vs 2022
2024 filing year
$1.8B$2B$2.2B$2.4B$2.6B 202220232024 $1.98B $2.4B ▲ +21.2%
Year Plans Participants Total Assets
2022 3 25,551 $2.0B
2023 3 26,344 $2.3B
2024 3 26,103 $2.4B

Nearby Other Plans in Virginia

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

Carilion Clinic 403(b) Retirement Savings Plan vs. nearby Other plans in Virginia, assets vs. participants Scatter plot of 6 data points. 0100002000030000 01234 Total assets ($B) Participants Carilion Clinic 403(b) Retirement Savings Plan, Total assets ($B): 0.722085709 · Participants: 12978Carilion Clinic 403(b) Retirement Savings PlanSentara 403(b) Savings Plan, Total assets ($B): 3.287712192 · Participants: 25806Sentara 403(b) Savings PlanThe George Washington University Supplemental Retirement Plan, Total assets ($B): 1.530650403 · Participants: 8047The George Washington University Supplemental Retirement PlanInstitute for Defense Analyses Tax Deferred Annuity Plan, Total assets ($B): 0.801043955 · Participants: 1453Institute for Defense Analyses Tax Deferred Annuity PlanCentra Health Matching Tax Deferred Savings Plan, Total assets ($B): 0.669994115 · Participants: 7141Centra Health Matching Tax Deferred Savings PlanUniversity of Richmond Defined Contribution Retirement Plan, Total assets ($B): 0.629346902 · Participants: 1843University of Richmond Defined Contribution Retirement Plan
Carilion Clinic 403(b) Retirement Savings Plan vs. nearby Other plans in Virginia, assets vs. participants
Compare Carilion Clinic 403(b) Retirement Savings Plan side-by-side with 3 peers →

Scale composition for Carilion Clinic 403(b) Retirement Savings Plan

Carilion Clinic 403(b) Retirement Savings Plan reports $722M in end-of-year assets across 12,978 participants (0.006% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.014% of 93,925,755 covered participants) - about $55,639 per participant (40% of the national average assets-per-participant) . Net income for plan year 2023 was $125M.

This plan identity (EIN 541190771, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $597M to $822M (+37.7%) while covered participants moved from 12,418 to 13,296 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 12,418 $597M Open filing
2023 12,978 $722M This page
2024 · index core 13,296 $822M Open filing

The same sponsor also keeps 3 other index-core plans on PlainRetire:

Carilion Clinic 403(b) Retirement Savings Plan's out-of-state Other peers by assets and headcount

Outside Virginia, the nearest Other by assets is Fermi National Accelerator Laboratory Tax Sheltered Annuity Plan in IL ($722M); by covered participants it is Rush University Medical Center 403(b) Retirement Savings Plan in IL (12,975 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (12,978 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 Carilion Clinic 403(b) Retirement Savings Plan assets move in 2023? ▼
Carilion Clinic 403(b) Retirement Savings Plan grew sharply - up 21.0% during 2023, from $597M to $722M. Reported net income was $125M.
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 403(b) Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Carilion Clinic 403(b) Retirement Savings Plan ranks in the 98th 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 Other plans are similar in size to Carilion Clinic 403(b) Retirement Savings Plan? ▼
Among Other plans in other states, the closest by assets is Fermi National Accelerator Laboratory Tax Sheltered Annuity Plan in IL ($722M, 1,842 participants).
Which Other plans cover a similar participant headcount to Carilion Clinic 403(b) Retirement Savings Plan? ▼
Among Other plans in other states, the closest by covered participants is Rush University Medical Center 403(b) Retirement Savings Plan in IL (12,975 participants, $1.5B 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 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.