Defined Benefit (Pension) · DOL Form 5500 · 2023

Care New England Pension Plan

Data updated 2026-08-11

$137M
Total assets
1,851
Participants
93rd
Percentile by assets
$73,748
Avg per participant
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Official DOL plan name: Care New England Pension Plan · Sponsored by Care New England · Rhode Island · Healthcare & Social Assistance

$137M in assets, 1,851 participants

Care New England's Care New England Pension Plan reported $137M in total assets and 1,851 participants in its 2023 DOL Form 5500 filing, ranking in the 93rd 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.

  • 93rd percentile by assets (of 127,072 plans)
  • #16,617 in Healthcare & Social Assistance (17,684 peers)

Where Care New England Pension Plan sits by assets

Care New England Pension Plan sits in the top 10% of all filed plans by assets, $137M for 1,851 participants (~$73,748/participant), down 0.5% in 2023.

$137M
total plan assets (2023 EOY)
1,851
covered participants
93rd
percentile by assets (of 127,072 plans)
$73,748
avg assets per participant

The plan reported a net loss of $647K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Care New England Pension Plan sits by total assets

Care New England Pension Plan vs every filed plan by assets

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

$136,507,233 Top 7% higher than 93% of 127,068 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Care New England Pension Plan reported net income rose from -$38M in the plan year 2022 filing to -$647K in the plan year 2023 filing.
  • Care New England Pension Plan reported participants fell from 2,027 in the plan year 2022 filing to 1,851 in the plan year 2023 filing.
  • Care New England Pension Plan end-of-year assets fell from $137M in the plan year 2022 filing to $137M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Rhode Island
Industry
Healthcare & Social Assistance

Care New England Pension Plan vs the 2023 asset distribution

By assets, Care New England Pension Plan outranks 93% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.4x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$137M
Net Assets (End of Year)$136M
Net Income-$647K
Employer EIN050490997
Plan Effective Date1964-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Care New England)

$550M$600M$650M$700M$750M 202220232024 $565M $706M ▲ +25.1%
Total plan assets by year, all Care New England plans on file
Year Plans Participants Total Assets
2022 2 9,329 $565M
2023 2 9,322 $652M
2024 2 9,049 $706M

Nearby Defined Benefit (Pension) Plans in Rhode Island

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Care New England Pension Plan vs. nearby Defined Benefit (Pension) plans in Rhode Island, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -50510152025 Total assets ($B) Participants Care New England Pen…, Total assets ($B): 0.136507233 · Participants: 1851Care New England Pen…The Bank of America …, Total assets ($B): 19.18921965 · Participants: 56519The Bank of America …Textron Master Retir…, Total assets ($B): 5.244382313 · Participants: 7320Textron Master Retir…Factory Mutual Insur…, Total assets ($B): 2.905288129 · Participants: 3478Factory Mutual Insur…Bell Helicopter Text…, Total assets ($B): 2.242403648 · Participants: 2800Bell Helicopter Text…Amica Pension Fund, Total assets ($B): 1.772694319 · Participants: 2338Amica Pension Fund
Care New England Pension Plan vs. nearby Defined Benefit (Pension) plans in Rhode Island, assets vs. participants
Compare Care New England Pension Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Care New England Pension Plan by total assets, not by location.

Frequently Asked Questions

How did Care New England Pension Plan assets move in 2023? ▼
Care New England Pension Plan held essentially flat - down 0.5% during 2023, from $137M to $137M. Reported net income was -$647K.
How have Care New England plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Care New England's sponsor-wide assets grew 25.1%, from $565M to $706M.
Where does Care New England Pension Plan rank by assets among Form 5500 filers? ▼
Care New England Pension Plan ranks in the 93rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Care New England Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Unite Here! Workers and Hospitality Employers Vdb Pension Trust in MA ($137M, 4,092 participants).

Next read for Care New England Pension Plan

Scale reading

Ways to act on Care New England Pension Plan's numbers.

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 050490997.

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.