Other · DOL Form 5500 · 2023

Foundation for the Carolinas Retirement Plan

Data updated 2026-08-25

$30M
Total assets Below avg plan size
165
Participants Small participant base
79th
Percentile by assets National rank
$179,434
Avg per participant Above avg balance/head
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Official DOL plan name: Foundation for the Carolinas DC Plan · Sponsored by Foundation for the Carolinas · North Carolina · Other Services

$30M in assets, 165 participants

Foundation for the Carolinas's Foundation for the Carolinas DC Plan reported $30M in total assets and 165 participants in its 2023 DOL Form 5500 filing, ranking in the 79th 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.

  • #7,029 in Other Services (7,857 peers)

Coverage in North Carolina

Foundation for the Carolinas DC Plan covers 165 participants in North Carolina, about 20% of the average North Carolina filer (state average ~819 per filing). Assets: $30M.

#7,029
in Other Services (7,857 peers)
+21.6%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Foundation for the Carolinas DC Plan's outsized position by total assets

Foundation for the Carolinas DC Plan vs every filed plan by assets

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

$29,606,668 Top 21% higher than 79% 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

Foundation for the Carolinas DC Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Foundation for the Carolinas DC Plan sits mid-pack in the medium band (165 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Foundation for the Carolinas DC Plan reported net income rose from -$3M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Foundation for the Carolinas DC Plan end-of-year assets rose from $24M in the plan year 2022 filing to $30M in the plan year 2023 filing.
  • Foundation for the Carolinas DC Plan reported participants rose from 140 in the plan year 2022 filing to 165 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 566047886 · Foundation for the Carolinas PY 2023 · Other

Foundation for the Carolinas DC Plan · $30M · 165 · 79th

  • PCT $30M
  • EIN 165
  • RANK 79th
  • PHOTO Other
  • IND near East Boston Neighborhood Health Center 403(b) Plan
  • EOY ind #7029

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 Other Services retirement plans → · Plans in North Carolina →

Foundation for the Carolinas DC Plan in the asset neighbourhood

St. Andrews Episcopal School Tax Sheltered Annuity Retirement PlanSt. Andrews Episcopal School…$30MArmy West Point Athletic Association 403(b) DC PlanArmy West Point Athletic Ass…$30MSolomon Schechter Day School Defined Contribution Retirement PlanSolomon Schechter Day School…$30MFoundation for the Carolinas DC PlanFoundation for the Carolinas…$30MEast Boston Neighborhood Health Center 403(b) PlanEast Boston Neighborhood Hea…$30M
End-of-year total assets ($M) among Foundation for the Carolinas DC Plan and nearest nationwide Other peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$24M
Net Assets (End of Year)$30M
Net Income$5M
Employer EIN566047886
Plan Effective Date2003-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Foundation for the Carolinas)

Sponsor-wide plan assets over time

All Foundation for the Carolinas plans reported in each filing year

Latest sponsor-wide plan assets
$32M 33.3724384309324% vs 2022
2024 filing year
$20M$25M$30M$35M 202220232024 $24.4M $32.5M ▲ +33.3%
Year Plans Participants Total Assets
2022 1 140 $24M
2023 1 165 $30M
2024 1 179 $32M

Nearby Other Plans in North Carolina

Peer Other plans, same state, same plan type, ranked by total assets.

Foundation for the Carolinas DC Plan vs. nearby Other plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -20246810 Total assets ($B) Participants Foundation for the Carolinas DC Plan, Total assets ($B): 0.029606668 · Participants: 165Foundation for the Carolinas DC PlanThe Duke University Faculty and Staff Retirement Plan, Total assets ($B): 8.950907627 · Participants: 44809The Duke University Faculty and Staff Retirement PlanWake Forest Baptist Medical Center 403(b) Retirement Savings Plan, Total assets ($B): 3.192820786 · Participants: 18961Wake Forest Baptist Medical Center 403(b) Retirement Savings PlanThe Moses H. Cone Memorial Hospital Voluntary Savings Plan, Total assets ($B): 1.459711813 · Participants: 13606The Moses H. Cone Memorial Hospital Voluntary Savings PlanWake Forest University Retirement Plan, Total assets ($B): 0.797846895 · Participants: 3092Wake Forest University Retirement PlanCaromont Health, Inc. Retirement Savings Plan, Total assets ($B): 0.444128487 · Participants: 4458Caromont Health, Inc. Retirement Savings Plan
Foundation for the Carolinas DC Plan vs. nearby Other plans in North Carolina, assets vs. participants
Compare Foundation for the Carolinas DC Plan side-by-side with 3 peers →

Foundation for the Carolinas DC Plan's out-of-state Other peers by assets and headcount

Outside North Carolina, the nearest Other by assets is East Boston Neighborhood Health Center 403(b) Plan in MA ($30M); by covered participants it is The Derryfield School Defined Contribution Retirement Plan in NH (165 participants). Same-state nearby plans are listed separately above.

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 Foundation for the Carolinas DC Plan assets move in 2023? ▼
Foundation for the Carolinas DC Plan grew sharply - up 21.6% during 2023, from $24M to $30M. Reported net income was $5M.
How have Foundation for the Carolinas plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Foundation for the Carolinas's sponsor-wide assets grew 33.4%, from $24M to $32M.
Where does Foundation for the Carolinas DC Plan rank by assets among Form 5500 filers? ▼
Foundation for the Carolinas DC Plan ranks in the 79th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Other plans are similar in size to Foundation for the Carolinas DC Plan? ▼
Among Other plans in other states, the closest by assets is East Boston Neighborhood Health Center 403(b) Plan in MA ($30M, 172 participants).
Which Other plans cover a similar participant headcount to Foundation for the Carolinas DC Plan? ▼
Among Other plans in other states, the closest by covered participants is The Derryfield School Defined Contribution Retirement Plan in NH (165 participants, $29M 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 566047886.

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.