401(k) · DOL Form 5500 · 2023
Carefirst, Inc. 401(k) Plan
Data updated 2026-08-25
- $920M
- Total assets Above avg plan size
- 5,822
- Participants Above avg headcount
- 98th
- Percentile by assets National rank
- $158,016
- Avg per participant Above avg balance/head
Official DOL plan name: The Carefirst 401(k) Plan · Sponsored by Carefirst, Inc. · Maryland · Finance & Insurance
$920M in assets, 5,822 participants
Carefirst, Inc.'s The Carefirst 401(k) Plan reported $920M in total assets and 5,822 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.
- #8,628 in Finance & Insurance (8,869 peers)
Coverage in Maryland
The Carefirst 401(k) Plan covers 5,822 participants in Maryland, 6.3x the typical Maryland plan (state average ~929 per filing). Assets: $920M.
- #8,628
- in Finance & Insurance (8,869 peers)
- +21.4%
- assets growth YoY
- 9.2×
- vs typical plan assets (national mean)
The Carefirst 401(k) Plan's outsized position by total assets
The Carefirst 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$919,968,000 Top 2% higher than 98% 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
The Carefirst 401(k) Plan's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Carefirst 401(k) Plan lands in the large band (5,822 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- The Carefirst 401(k) Plan reported net income rose from -$178M in the plan year 2022 filing to $162M in the plan year 2023 filing.
- The Carefirst 401(k) Plan end-of-year assets rose from $758M in the plan year 2022 filing to $920M in the plan year 2023 filing.
- The Carefirst 401(k) Plan reported participants rose from 5,661 in the plan year 2022 filing to 5,822 in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 522069215 · Carefirst, Inc. PY 2023 · 401(k)
The Carefirst 401(k) Plan · $920M · 5,822 · 98th
- 5500 $920M
- 5500 5,822
- 5500 98th
- 5500 401(k)
- 5500 near World Wide Technology, LLC Employee Salary Deferral Retirement Program
- 5500 ind #8628
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 Finance & Insurance retirement plans → · Plans in Maryland →
The Carefirst 401(k) Plan in the asset neighbourhood
Maryland filing particulars
| Total Assets (Beginning of Year) | $758M |
|---|---|
| Net Assets (End of Year) | $920M |
| Net Income | $162M |
| Employer EIN | 522069215 |
| Plan Effective Date | 1984-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Carefirst, Inc.)
Sponsor-wide plan assets over time
All Carefirst, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $1.6B 21.57331490437219% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 7,424 | $1.3B |
| 2023 | 2 | 7,448 | $1.5B |
| 2024 | 2 | 7,452 | $1.6B |
Nearby 401(k) Plans in Maryland
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Lockheed Martin Corporation Salaried Savings Plan $47.3B · 91,511
- Marriott Retirement Savings Plan $10.2B · 96,415
- T. Rowe Price U.S. Retirement Program $4.4B · 6,292
- Nfl Player Second Career Savings Plan $4.0B · 2,767
- Sodexo 401 (K) Employees' Retirement Savings Plan and Trust $2.2B · 80,121
Scale composition for The Carefirst 401(k) Plan
The Carefirst 401(k) Plan reports $920M in end-of-year assets across 5,822 participants (0.007% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $158,016 per participant (1.1x the national average assets-per-participant) . Net income for plan year 2023 was $162M.
This plan identity (EIN 522069215, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $758M to $1.1B (+41.4%) while covered participants moved from 5,661 to 5,934 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,661 | $758M | Open filing |
| 2023 | 5,822 | $920M | This page |
| 2024 · index core | 5,934 | $1.1B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- The Carefirst 401(k) Plan (401(k), $1.1B, 5,934 participants)
- Carefirst, Inc. Retirement Plan (Defined Benefit (Pension), $546M, 1,518 participants)
The Carefirst 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Maryland, the nearest 401(k) by assets is World Wide Technology, LLC Employee Salary Deferral Retirement Program in MO ($920M); by covered participants it is Fidelity Advantage 401(k) in MA (5,821 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($920M here).
- World Wide Technology, LLC Employee Salary Deferral Retirement Program (MO) $920M · 7,436
- Mizuho Americas 401(k) Plan (NY) $920M · 2,512
- Colorado Permanente Medical Group, P.C. 401(k) Plan (CO) $921M · 1,382
- Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan (MN) $919M · 17,362
Similar participant headcount
Nearest other-state filings by covered participants (5,822 participants); asset peers above are excluded.
- Fidelity Advantage 401(k) (MA) 5,821 · 1 off
- Pinnacle West Capital Corporation Savings Plan (AZ) 5,820 · 2 off
- The Cleveland-Cliffs Steel Corporation Thrift Plan C (OH) 5,824 · 2 off
- Endeavor 401(k) Plan (CA) 5,826 · 4 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.