Profit Sharing · DOL Form 5500 · 2023
Multicare Health System Profit Sharing Plan
Data updated 2026-08-25
- $478M
- Total assets Above avg plan size
- 11,441
- Participants Very large workforce
- 97th
- Percentile by assets National rank
- $41,818
- Avg per participant Low balance/head
Official DOL plan name: Multicare Health System Retirement Account Plan · Sponsored by Multicare Health System · Washington · Healthcare & Social Assistance
$478M in assets, 11,441 participants
Multicare Health System's Multicare Health System Retirement Account Plan reported $478M in total assets and 11,441 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.
- #17,253 in Healthcare & Social Assistance (17,684 peers)
Coverage in Washington
Multicare Health System Retirement Account Plan covers 11,441 participants in Washington, 7.7x the typical Washington plan (state average ~1,476 per filing). Assets: $478M.
- #17,253
- in Healthcare & Social Assistance (17,684 peers)
- +24.2%
- assets growth YoY
- 4.8×
- vs typical plan assets (national mean)
Multicare Health System Retirement Account Plan's outsized position by total assets
Multicare Health System Retirement Account Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$478,440,322 Top 3% higher than 97% 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
Multicare Health System Retirement Account 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. Multicare Health System Retirement Account Plan is a mega filing (11,441 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Multicare Health System Retirement Account Plan reported net income rose from -$40M in the plan year 2022 filing to $93M in the plan year 2023 filing.
- Multicare Health System Retirement Account Plan end-of-year assets rose from $385M in the plan year 2022 filing to $478M in the plan year 2023 filing.
- Multicare Health System Retirement Account Plan reported participants rose from 11,050 in the plan year 2022 filing to 11,441 in the plan year 2023 filing.
DOL schedule card
Filing strip 911352172 · Multicare Health System PY 2023 · Profit Sharing
Multicare Health System Retirement Account Plan · $478M · 11,441 · 97th
- PART $478M
- TYPE 11,441
- NET 97th
- BOOK Profit Sharing
- VS-ST near Ballad Health 401(a) Plan
- BOY ind #17253
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 Washington →
Multicare Health System Retirement Account Plan in the asset neighbourhood
Washington filing particulars
| Total Assets (Beginning of Year) | $385M |
|---|---|
| Net Assets (End of Year) | $478M |
| Net Income | $93M |
| Employer EIN | 911352172 |
| Plan Effective Date | 2003-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Multicare Health System)
Sponsor-wide plan assets over time
All Multicare Health System plans reported in each filing year
- Latest sponsor-wide plan assets
- $3.1B 47.98591866792275% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 31,851 | $2.1B |
| 2023 | 4 | 32,961 | $2.4B |
| 2024 | 4 | 34,209 | $3.1B |
Nearby Profit Sharing Plans in Washington
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
- Bill & Melinda Gates Foundation Sharing Retirement Plan $579M · 1,735
- Itron, Inc. Incentive Savings Plan $576M · 2,440
- SEIU 775 Secure Retirement Plan $384M · 70,796
- Western Washington Painters Defined Contribution Pension Plan $259M · 1,660
- Peacehealth Southwest Medical Center Employer Contribution Plan $207M · 3,300
Scale composition for Multicare Health System Retirement Account Plan
Multicare Health System Retirement Account Plan reports $478M in end-of-year assets across 11,441 participants (0.004% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.012% of 93,925,755 covered participants) - about $41,818 per participant (30% of the national average assets-per-participant) . Net income for plan year 2023 was $93M.
This plan identity (EIN 911352172, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $385M to $562M (+45.8%) while covered participants moved from 11,050 to 11,865 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 11,050 | $385M | Open filing |
| 2023 | 11,441 | $478M | This page |
| 2024 · index core | 11,865 | $562M | Open filing |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- Multicare Health System 403(b) Employee Savings Plan (Other, $1.2B, 16,022 participants)
- Multicare Health System 401(k) Plan (401(k), $779M, 5,537 participants)
- Multicare Health System Retirement Account Plan (Profit Sharing, $562M, 11,865 participants)
- Retirement Plan for Employees of Multicare Health System (Defined Benefit (Pension), $557M, 785 participants)
Multicare Health System Retirement Account Plan's out-of-state Profit Sharing peers by assets and headcount
Outside Washington, the nearest Profit Sharing by assets is Ballad Health 401(a) Plan in TN ($478M); by covered participants it is Presbyterian Healthcare Services 401(a) Plan in NM (11,386 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($478M here).
- Ballad Health 401(a) Plan (TN) $478M · 5,420
- I.B.E.W. Local Union No 357 Pension Trust Fund, Plan B (NV) $481M · 4,139
- University of Maryland Medical System 401(a) Defined Contribution Plan (MD) $475M · 6,953
- Iuoe Local 30 Annuity Fund (NY) $483M · 4,593
Similar participant headcount
Nearest other-state filings by covered participants (11,441 participants); asset peers above are excluded.
- Presbyterian Healthcare Services 401(a) Plan (NM) 11,386 · 55 off
- The Arc New York Affiliated Employers 401(k) Plan (NY) 11,366 · 75 off
- Cedars-Sinai Health System Defined Contribution (CA) 11,354 · 87 off
- Legacy Health Defined Contribution Retirement Plan (OR) 11,313 · 128 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.