401(k) · DOL Form 5500 · 2023
WAKEMED 401(k) Plan
Data updated 2026-08-11
- $1.2B
- Total assets
- 11,758
- Participants
- 99th
- Percentile by assets
- $105,879
- Avg per participant
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.
- 99th percentile by assets (of 127,072 plans)
- #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.
- $1.2B
- total plan assets (2023 EOY)
- 11,758
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $105,879
- avg assets per participant
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.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 819 participants across 3,515 plans. Wakemed Retirement Savings Plan reports 11,758 participants - 14x that state average ($1.2B EOY assets).
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)
| 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.
Wakemed Retirement Savings Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
- 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)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Wakemed Retirement Savings Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Wakemed Retirement Savings Plan assets move in 2023? ▼
How have WAKEMED plan assets changed over time? ▼
Where does Wakemed Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Wakemed Retirement Savings Plan? ▼
Next read for Wakemed Retirement Savings Plan
Filing takeaways
Ways to act on Wakemed Retirement Savings Plan's numbers.
- By total assets, Wakemed Retirement Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in North Carolina. Compare plans
- WAKEMED's sponsor-wide assets have grown 27.7% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans