Defined Benefit (Pension) · DOL Form 5500 · 2023

Carefirst, Inc. Pension Plan

Data updated 2026-08-11

$573M
Total assets: 1,626
Participants: 98th
Percentile by assets: $352,352
Avg per participant

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.

98th percentile by assets (of 127,072 plans)
#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.

$573M
total plan assets (2023 EOY): 1,626
covered participants: 98th
percentile by assets (of 127,072 plans): $352,352
avg assets per participant

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 →

State

Maryland

Industry

Finance & Insurance

Carefirst, Inc. Retirement Plan vs the 2023 asset distribution

By assets, Carefirst, Inc. Retirement Plan outranks 98% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 5.7x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$572M
Net Assets (End of Year)	$573M
Net Income	$847K
Employer EIN	522069215
Plan Effective Date	2003-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Carefirst, Inc.)

Total plan assets by year, all Carefirst, Inc. plans on file

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

National Electrical Benefit Fund $18.9B · 323,315
Lockheed Martin Corporation Salaried Employee Retirement Program $18.4B · 19,673
Major League Baseball Players Pension Plan $4.6B · 1,087
National Automatic Sprinkler Industry Pension Fund $4.5B · 15,047
International Painters and Allied Trades Industry Pension Plan $4.2B · 44,973

Compare Carefirst, Inc. Retirement Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Carefirst, Inc. Retirement Plan by total assets, not by location.

IBEW Local 1249 Pension Plan (NY) $572M · 3,036
Pvh Consolidated Pension Plan (NJ) $571M · 4,777
Pamcah-Ua Local 675 Pension Plan (HI) $575M · 1,505
Pension Plan for the Washington Post and Companies (WA) $570M · 2,032

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).

Next read for Carefirst, Inc. Retirement Plan

Scale reading

Ways to act on Carefirst, Inc. Retirement Plan's numbers.

By total assets, Carefirst, Inc. Retirement Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Maryland. Compare plans
Carefirst, Inc.'s sponsor-wide assets have grown 21.6% since 2022 across 3 plan years on file. More Finance & Insurance plans

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.