Defined Benefit (Pension) · DOL Form 5500 · 2023

Carefirst, Inc. Pension Plan

Data updated 2026-08-25

$573M
Total assets Above avg plan size
1,626
Participants Near avg headcount
98th
Percentile by assets National rank
$352,352
Avg per participant High balance/head
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Official DOL plan name: Carefirst, Inc. Retirement Plan · Sponsored by Carefirst, Inc. · Maryland · Finance & Insurance

$573M in assets, 1,626 participants

Carefirst, Inc.'s Carefirst, Inc. Retirement Plan reported $573M in total assets and 1,626 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.

  • #8,514 in Finance & Insurance (8,869 peers)

Where Carefirst, Inc. Retirement Plan sits by assets

Carefirst, Inc. Retirement Plan sits in the top 5% of all filed plans by assets, $573M for 1,626 participants (~$352,352/participant), up 0.1% in 2023.

#8,514
in Finance & Insurance (8,869 peers)
+0.1%
assets growth YoY
5.7×
vs typical plan assets (national mean)

Carefirst, Inc. Retirement Plan's outsized position by total assets

Carefirst, Inc. Retirement Plan vs every filed plan by assets

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

$572,924,000 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

Carefirst, Inc. Retirement 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. Carefirst, Inc. Retirement Plan lands in the large band (1,626 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Carefirst, Inc. Retirement Plan reported net income rose from -$186M in the plan year 2022 filing to $847K in the plan year 2023 filing.
  • Carefirst, Inc. Retirement Plan reported participants fell from 1,763 in the plan year 2022 filing to 1,626 in the plan year 2023 filing.
  • Carefirst, Inc. Retirement Plan end-of-year assets rose from $572M in the plan year 2022 filing to $573M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 522069215 · Carefirst, Inc. PY 2023 · Defined Benefit (Pension)

Carefirst, Inc. Retirement Plan · $573M · 1,626 · 98th

  • PCT $573M
  • EIN 1,626
  • RANK 98th
  • PHOTO Defined Benefit (Pension)
  • IND near IBEW Local 1249 Pension Plan
  • EOY ind #8514

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 →

Carefirst, Inc. Retirement Plan in the asset neighbourhood

Pamcah-Ua Local 675 Pension PlanPamcah-Ua Local 675 Pension …$575MCarefirst, Inc. Retirement PlanCarefirst, Inc. Retirement P…$573MIBEW Local 1249 Pension Plan$572MPvh Consolidated Pension Plan$571MPension Plan for the Washington Post and CompaniesPension Plan for the Washing…$570M
End-of-year total assets ($M) among Carefirst, Inc. Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$572M
Net Assets (End of Year)$573M
Net Income$847K
Employer EIN522069215
Plan Effective Date2003-01-01
Filing StatusFILING 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
$1.3B$1.4B$1.5B$1.6B$1.7B 202220232024 $1.33B $1.62B ▲ +21.8%
Year Plans Participants Total Assets
2022 2 7,424 $1.3B
2023 2 7,448 $1.5B
2024 2 7,452 $1.6B

Nearby Defined Benefit (Pension) Plans in Maryland

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Carefirst, Inc. Retirement Plan vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -505101520 Total assets ($B) Participants Carefirst, Inc. Retirement Plan, Total assets ($B): 0.572924 · Participants: 1626Carefirst, Inc. Retirement PlanNational Electrical Benefit Fund, Total assets ($B): 18.88881693 · Participants: 323315National Electrical Benefit FundLockheed Martin Corporation Salaried Employee Retirement Program, Total assets ($B): 18.434547593 · Participants: 19673Lockheed Martin Corporation Salaried Employee Retirement ProgramMajor League Baseball Players Pension Plan, Total assets ($B): 4.648661647 · Participants: 1087Major League Baseball Players Pension PlanNational Automatic Sprinkler Industry Pension Fund, Total assets ($B): 4.493297428 · Participants: 15047National Automatic Sprinkler Industry Pension FundInternational Painters and Allied Trades Industry Pension Plan, Total assets ($B): 4.223547088 · Participants: 44973International Painters and Allied Trades Industry Pension Plan
Carefirst, Inc. Retirement Plan vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants
Compare Carefirst, Inc. Retirement Plan side-by-side with 3 peers →

Carefirst, Inc. Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Maryland, the nearest Defined Benefit (Pension) by assets is IBEW Local 1249 Pension Plan in NY ($572M); by covered participants it is Totalenergies Finance USA, Inc. Cash Balance Pension Plan in TX (1,626 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($573M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,626 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 Carefirst, Inc. Retirement Plan assets move in 2023? ▼
Carefirst, Inc. Retirement Plan held essentially flat - up 0.1% during 2023, from $572M to $573M. Reported net income was $847K.
How have Carefirst, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Carefirst, Inc.'s sponsor-wide assets grew 21.6%, from $1.3B to $1.6B.
Where does Carefirst, Inc. Retirement Plan rank by assets among Form 5500 filers? ▼
Carefirst, Inc. Retirement 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 Defined Benefit (Pension) plans are similar in size to Carefirst, Inc. Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is IBEW Local 1249 Pension Plan in NY ($572M, 3,036 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Carefirst, Inc. Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Totalenergies Finance USA, Inc. Cash Balance Pension Plan in TX (1,626 participants, $104M 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 522069215.

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.