Defined Benefit (Pension) · DOL Form 5500 · 2023
Caromont Health, Inc. Pension Plan
Data updated 2026-08-11
- $113M
- Total assets
- 658
- Participants
- 92nd
- Percentile by assets
- $171,152
- Avg per participant
Official DOL plan name: Pension Plan for the Employees of Caromont Health · Sponsored by Caromont Health, Inc. · North Carolina · Healthcare & Social Assistance
$113M in assets, 658 participants
Caromont Health, Inc.'s Pension Plan for the Employees of Caromont Health reported $113M in total assets and 658 participants in its 2023 DOL Form 5500 filing, ranking in the 92nd 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.
- 92nd percentile by assets (of 127,072 plans)
- #16,449 in Healthcare & Social Assistance (17,684 peers)
Where Pension Plan for the Employees of Caromont Health sits by assets
Pension Plan for the Employees of Caromont Health sits in the top 10% of all filed plans by assets, $113M for 658 participants (~$171,152/participant), down 47.0% in 2023.
- $113M
- total plan assets (2023 EOY)
- 658
- covered participants
- 92nd
- percentile by assets (of 127,072 plans)
- $171,152
- avg assets per participant
The plan reported a net loss of $100M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Pension Plan for the Employees of Caromont Health reported net income fell from -$40M in the plan year 2022 filing to -$100M in the plan year 2023 filing.
- Pension Plan for the Employees of Caromont Health end-of-year assets fell from $213M in the plan year 2022 filing to $113M in the plan year 2023 filing.
- Pension Plan for the Employees of Caromont Health reported participants fell from 709 in the plan year 2022 filing to 658 in the plan year 2023 filing.
Pension Plan for the Employees of Caromont Health vs the 2023 asset distribution
By assets, Pension Plan for the Employees of Caromont Health outranks 92% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.1x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $213M |
|---|---|
| Net Assets (End of Year) | $113M |
| Net Income | -$100M |
| Employer EIN | 581636959 |
| Plan Effective Date | 1971-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Caromont Health, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 4,920 | $587M |
| 2023 | 2 | 5,116 | $557M |
| 2024 | 2 | 5,532 | $569M |
Nearby Defined Benefit (Pension) Plans in North Carolina
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Pension Plan for the Employees of Caromont Health vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
- Honeywell Retirement Earnings Plan $16.6B · 11,145
- Truist Financial Corporation Pension Plan $14.6B · 45,818
- Duke Energy Retirement Cash Balance Plan $4.0B · 14,485
- Duke Energy Legacy Pension Plan $3.4B · 371
- Employees' Retirement Plan of Duke University $2.6B · 21,020
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Pension Plan for the Employees of Caromont Health by total assets, not by location.
- Retirement Plan for Employees of Carmeuse Lime, Inc. and Subsidiaries (PA) $113M · 326
- Laborers Local 231 Pension Plan (IL) $113M · 426
- Major League Baseball Pension Plan for Non-Uniformed Personnel (NY) $113M · 459
- Scotiabank Pension Plan (United States) () $113M · 147
Frequently Asked Questions
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Ways to act on Pension Plan for the Employees of Caromont Health's numbers.
- By total assets, Pension Plan for the Employees of Caromont Health ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in North Carolina. Compare plans
- Caromont Health, Inc.'s sponsor-wide assets have declined 3.1% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans