401(k) · DOL Form 5500 · 2023

Select Medical Corporation 401(k) Plan

Data updated 2026-08-25

$2.5B
Total assets Very large vs avg
42,145
Participants Very large workforce
99th
Percentile by assets National rank
$58,902
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Select Medical Corporation 401(k) Plan · Sponsored by Select Medical Corporation · Pennsylvania · Healthcare & Social Assistance

$2.5B in assets, 42,145 participants

Select Medical Corporation's Select Medical Corporation 401(k) Plan reported $2.5B in total assets and 42,145 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.

  • #17,610 in Healthcare & Social Assistance (17,684 peers)

Coverage in Pennsylvania

Select Medical Corporation 401(k) Plan covers 42,145 participants in Pennsylvania, 51x the typical Pennsylvania plan (state average ~822 per filing). Assets: $2.5B.

#17,610
in Healthcare & Social Assistance (17,684 peers)
+21.0%
assets growth YoY
25×
vs typical plan assets (national mean)

Select Medical Corporation 401(k) Plan's outsized position by total assets

Select Medical Corporation 401(k) Plan vs every filed plan by assets

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

$2,482,437,675 Top 1% higher than 99% 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

Select Medical Corporation 401(k) 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. Select Medical Corporation 401(k) Plan is a mega filing (42,145 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Select Medical Corporation 401(k) Plan reported net income rose from -$405M in the plan year 2022 filing to $425M in the plan year 2023 filing.
  • Select Medical Corporation 401(k) Plan end-of-year assets rose from $2.1B in the plan year 2022 filing to $2.5B in the plan year 2023 filing.
  • Select Medical Corporation 401(k) Plan reported participants rose from 39,306 in the plan year 2022 filing to 42,145 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 232872718 · Select Medical Corporation PY 2023 · 401(k)

Select Medical Corporation 401(k) Plan · $2.5B · 42,145 · 99th

  • NET $2.5B
  • BOOK 42,145
  • VS-ST 99th
  • BOY 401(k)
  • SCH near Advanced Micro Devices, Inc. Retirement Savings Plan
  • EBSA ind #17610

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 Pennsylvania →

Select Medical Corporation 401(k) Plan in the asset neighbourhood

Gordon Food Service, Inc. Profit Sharing PlanGordon Food Service, Inc. Pr…$2.5BTrinet Select 401(k) Plan$2.5BSelect Medical Corporation 401(k) PlanSelect Medical Corporation 4…$2.5BAdvanced Micro Devices, Inc. Retirement Savings PlanAdvanced Micro Devices, Inc.…$2.5BConsumers Energy Company Employees' Savings PlanConsumers Energy Company Emp…$2.5B
End-of-year total assets ($B) among Select Medical Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$2.1B
Net Assets (End of Year)$2.5B
Net Income$425M
Employer EIN232872718
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Select Medical Corporation)

Sponsor-wide plan assets over time

All Select Medical Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$2.8B 38.46879564129782% vs 2022
2024 filing year
$1.5B$2B$2.5B$3B 202220232024 $2.05B $2.84B ▲ +38.5%
Year Plans Participants Total Assets
2022 1 39,306 $2.1B
2023 1 42,145 $2.5B
2024 1 43,419 $2.8B

Nearby 401(k) Plans in Pennsylvania

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Select Medical Corporation 401(k) Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. 020000400006000080000100000 05101520 Total assets ($B) Participants Select Medical Corporation 401(k) Plan, Total assets ($B): 2.482437675 · Participants: 42145Select Medical Corporation 401(k) PlanComcast Corporation Retirement - Investment Plan, Total assets ($B): 17.368669862 · Participants: 93136Comcast Corporation Retirement - Investment PlanCigna 401(k) Plan, Total assets ($B): 13.003870935 · Participants: 66760Cigna 401(k) PlanThe Vanguard Retirement and Savings Plan, Total assets ($B): 9.765617477 · Participants: 18200The Vanguard Retirement and Savings PlanThe PNC Financial Services Group, Inc. Incentive Savings Plan, Total assets ($B): 9.339762 · Participants: 61697The PNC Financial Services Group, Inc. Incentive Savings PlanThe Bank of New York Mellon Corporation 401(k) Savings Plan, Total assets ($B): 8.955655142 · Participants: 25184The Bank of New York Mellon Corporation 401(k) Savings Plan
Select Medical Corporation 401(k) Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants
Compare Select Medical Corporation 401(k) Plan side-by-side with 3 peers →

Scale composition for Select Medical Corporation 401(k) Plan

Select Medical Corporation 401(k) Plan reports $2.5B in end-of-year assets across 42,145 participants (0.020% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.045% of 93,925,755 covered participants) - about $58,902 per participant (43% of the national average assets-per-participant) . Net income for plan year 2023 was $425M.

This plan identity (EIN 232872718, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.1B to $2.8B (+38.5%) while covered participants moved from 39,306 to 43,419 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 39,306 $2.1B Open filing
2023 42,145 $2.5B This page
2024 · index core 43,419 $2.8B Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Select Medical Corporation 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Pennsylvania, the nearest 401(k) by assets is Advanced Micro Devices, Inc. Retirement Savings Plan in TX ($2.5B); by covered participants it is Meijer 401(k) Retirement Plan II in MI (42,227 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.5B here).

Similar participant headcount

Nearest other-state filings by covered participants (42,145 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 Select Medical Corporation 401(k) Plan assets move in 2023? ▼
Select Medical Corporation 401(k) Plan grew sharply - up 21.0% during 2023, from $2.1B to $2.5B. Reported net income was $425M.
How have Select Medical Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Select Medical Corporation's sponsor-wide assets grew 38.5%, from $2.1B to $2.8B.
Where does Select Medical Corporation 401(k) Plan rank by assets among Form 5500 filers? ▼
Select Medical Corporation 401(k) Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Select Medical Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Advanced Micro Devices, Inc. Retirement Savings Plan in TX ($2.5B, 8,898 participants).
Which 401(k) plans cover a similar participant headcount to Select Medical Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Meijer 401(k) Retirement Plan II in MI (42,227 participants, $554M 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 232872718.

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.