401(k) · DOL Form 5500 · 2023

Select Medical Corporation 401(k) Plan

Data updated 2026-08-11

$2.5B
Total assets: 42,145
Participants: 99th
Percentile by assets: $58,902
Avg per participant

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.

99th percentile by assets (of 127,072 plans)
#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.

$2.5B
total plan assets (2023 EOY): 42,145
covered participants: 99th
percentile by assets (of 127,072 plans): $58,902
avg assets per participant

Where Select Medical Corporation 401(k) Plan sits 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

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 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 →

State

Pennsylvania

Industry

Healthcare & Social Assistance

Participants vs Pennsylvania filers

In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. Select Medical Corporation 401(k) Plan reports 42,145 participants - 51x that state average ($2.5B EOY assets).

Pennsylvania filing particulars

Total Assets (Beginning of Year)	$2.1B
Net Assets (End of Year)	$2.5B
Net Income	$425M
Employer EIN	232872718
Plan Effective Date	1998-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Select Medical Corporation)

Total plan assets by year, all Select Medical Corporation plans on file

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

Comcast Corporation Retirement - Investment Plan $17.4B · 93,136
Cigna 401(k) Plan $13.0B · 66,760
The Vanguard Retirement and Savings Plan $9.8B · 18,200
The PNC Financial Services Group, Inc. Incentive Savings Plan $9.3B · 61,697
The Bank of New York Mellon Corporation 401(k) Savings Plan $9.0B · 25,184

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 (401(k), $2.8B, 43,419 participants)

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Select Medical Corporation 401(k) Plan by total assets, not by location.

Advanced Micro Devices, Inc. Retirement Savings Plan (TX) $2.5B · 8,898
Trinet Select 401(k) Plan (FL) $2.5B · 21,888
Gordon Food Service, Inc. Profit Sharing Plan (MI) $2.5B · 13,416
Consumers Energy Company Employees' Savings Plan (MI) $2.5B · 8,026

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).

Next read for Select Medical Corporation 401(k) Plan

Filing takeaways

Ways to act on Select Medical Corporation 401(k) Plan's numbers.

By total assets, Select Medical Corporation 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Pennsylvania. Compare plans
Select Medical Corporation's sponsor-wide assets have grown 38.5% since 2022 across 3 plan years on file. More Healthcare & Social Assistance 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 232872718.