401(k) · DOL Form 5500 · 2023
WAKEMED 401(k) Plan
Data updated 2026-08-25
- $1.2B
- Total assets Very large vs avg
- 11,758
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $105,879
- Avg per participant Below avg balance/head
Official DOL plan name: Wakemed Retirement Savings Plan · Sponsored by WAKEMED · North Carolina · Healthcare & Social Assistance
$1.2B in assets, 11,758 participants
WAKEMED's Wakemed Retirement Savings Plan reported $1.2B in total assets and 11,758 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.
- #17,519 in Healthcare & Social Assistance (17,684 peers)
Coverage in North Carolina
Wakemed Retirement Savings Plan covers 11,758 participants in North Carolina, 14x the typical North Carolina plan (state average ~819 per filing). Assets: $1.2B.
- #17,519
- in Healthcare & Social Assistance (17,684 peers)
- +11.4%
- assets growth YoY
- 12×
- vs typical plan assets (national mean)
Wakemed Retirement Savings Plan's outsized position by total assets
Wakemed Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$1,244,929,782 Top 1% higher than 99% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Wakemed 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. Wakemed Retirement Savings Plan is a mega filing (11,758 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Wakemed Retirement Savings Plan reported net income rose from -$134M in the plan year 2022 filing to $128M in the plan year 2023 filing.
- Wakemed Retirement Savings Plan end-of-year assets rose from $1.1B in the plan year 2022 filing to $1.2B in the plan year 2023 filing.
- Wakemed Retirement Savings Plan reported participants rose from 11,689 in the plan year 2022 filing to 11,758 in the plan year 2023 filing.
DOL schedule card
Filing strip 566017737 · WAKEMED PY 2023 · 401(k)
Wakemed Retirement Savings Plan · $1.2B · 11,758 · 99th
- VS-ST $1.2B
- BOY 11,758
- SCH 99th
- EBSA 401(k)
- PART near Umass Memorial Health Care 401(k) Plan
- TYPE ind #17519
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 Retirement Savings Plan in the asset neighbourhood
North Carolina filing particulars
| Total Assets (Beginning of Year) | $1.1B |
|---|---|
| Net Assets (End of Year) | $1.2B |
| Net Income | $128M |
| Employer EIN | 566017737 |
| Plan Effective Date | 1990-01-01 |
| Filing Status | FILING 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
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 13,855 | $1.2B |
| 2023 | 2 | 13,748 | $1.3B |
| 2024 | 2 | 12,940 | $1.5B |
Nearby 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- The Bank of America 401(k) Plan $54.8B · 173,899
- Honeywell 401(k) Plan $15.4B · 40,004
- Duke Energy Retirement Savings Plan $10.4B · 28,121
- Truist Financial Corporation 401(k) Savings Plan $10.1B · 55,480
- Nucor Corporation Profit Sharing and Retirement Savings Plan $8.5B · 24,174
Scale composition for Wakemed Retirement Savings Plan
Wakemed Retirement Savings Plan reports $1.2B in end-of-year assets across 11,758 participants (0.010% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.013% of 93,925,755 covered participants) - about $105,879 per participant (77% of the national average assets-per-participant) . Net income for plan year 2023 was $128M.
This plan identity (EIN 566017737, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.1B to $1.4B (+29.1%) while covered participants moved from 11,689 to 11,105 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 11,689 | $1.1B | Open filing |
| 2023 | 11,758 | $1.2B | This page |
| 2024 · index core | 11,105 | $1.4B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Wakemed Retirement Savings Plan (401(k), $1.4B, 11,105 participants)
- Wakemed Pension Plan (Defined Benefit (Pension), $97M, 1,835 participants)
Wakemed Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside North Carolina, the nearest 401(k) by assets is Umass Memorial Health Care 401(k) Plan in MA ($1.2B); by covered participants it is Capgemini Safe Harbor 401(k) Plan in NY (11,756 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.2B here).
- Umass Memorial Health Care 401(k) Plan (MA) $1.2B · 12,451
- Transdigm Inc. 401(k) Plan (OH) $1.2B · 7,334
- The Neiman Marcus Group LLC Retirement Savings Plan (TX) $1.2B · 10,654
- Dhl Retirement Savings Plan (FL) $1.2B · 11,490
Similar participant headcount
Nearest other-state filings by covered participants (11,758 participants); asset peers above are excluded.
- Capgemini Safe Harbor 401(k) Plan (NY) 11,756 · 2 off
- In-N-Out Burger Associates' Profit Sharing Plan (CA) 11,750 · 8 off
- Quad/Graphics Diversified Plan (WI) 11,766 · 8 off
- Quiktrip Corporation Retirement Plan (OK) 11,746 · 12 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.