Other · DOL Form 5500 · 2023

Wake Forest University Baptist Medical Center Retirement Plan

Data updated 2026-08-25

$3.2B
Total assets Very large vs avg
18,961
Participants Very large workforce
100th
Percentile by assets National rank
$168,389
Avg per participant Above avg balance/head
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Official DOL plan name: Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan · Sponsored by Wake Forest University Baptist Medical Center · North Carolina · Healthcare & Social Assistance

$3.2B in assets, 18,961 participants

Wake Forest University Baptist Medical Center's Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan reported $3.2B in total assets and 18,961 participants in its 2023 DOL Form 5500 filing, ranking in the 100th 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.

  • #17,637 in Healthcare & Social Assistance (17,684 peers)

Coverage in North Carolina

Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan covers 18,961 participants in North Carolina, 23x the typical North Carolina plan (state average ~819 per filing). Assets: $3.2B.

#17,637
in Healthcare & Social Assistance (17,684 peers)
+19.3%
assets growth YoY
32×
vs typical plan assets (national mean)

Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan's outsized position by total assets

Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan vs every filed plan by assets

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

$3,192,820,786 Highest reported value at or above every one 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

Wake Forest Baptist Medical Center 403(b) Retirement Savings 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. Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan is a mega filing (18,961 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan reported net income rose from -$357M in the plan year 2022 filing to $517M in the plan year 2023 filing.
  • Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan end-of-year assets rose from $2.7B in the plan year 2022 filing to $3.2B in the plan year 2023 filing.
  • Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan reported participants fell from 20,031 in the plan year 2022 filing to 18,961 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 510190238 · Wake Forest University Baptist Medical Center PY 2023 · Other

Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan · $3.2B · 18,961 · 100th

  • BOY $3.2B
  • BOY 18,961
  • BOY 100th
  • BOY Other
  • BOY near Sentara 403(b) Savings Plan
  • BOY ind #17637

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 North Carolina →

Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan in the asset neighbourhood

Sentara 403(b) Savings Plan$3.3BWake Forest Baptist Medical Center 403(b) Retirement Savings PlanWake Forest Baptist Medical …$3.2BThe University of Pennsylvania Health System 403(b) Retirement Savings PlanThe University of Pennsylvan…$3.1BColumbia University Voluntary Retirement Savings PlanColumbia University Voluntar…$3.0BMedstar Health, Inc. Retirement Savings PlanMedstar Health, Inc. Retirem…$3.0B
End-of-year total assets ($B) among Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan and nearest nationwide Other peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$2.7B
Net Assets (End of Year)$3.2B
Net Income$517M
Employer EIN510190238
Plan Effective Date1989-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Wake Forest University Baptist Medical Center)

Sponsor-wide plan assets over time

All Wake Forest University Baptist Medical Center plans reported in each filing year

Latest sponsor-wide plan assets
$3.6B 36.12190272074987% vs 2022
2024 filing year
$2.5B$3B$3.5B$4B 202220232024 $2.68B $3.64B ▲ +35.8%
Year Plans Participants Total Assets
2022 1 20,031 $2.7B
2023 1 18,961 $3.2B
2024 1 19,745 $3.6B

Nearby Other Plans in North Carolina

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

Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan vs. nearby Other plans in North Carolina, assets vs. participants Scatter plot of 6 data points. 01000020000300004000050000 -20246810 Total assets ($B) Participants Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan, Total assets ($B): 3.192820786 · Participants: 18961Wake Forest Baptist Medical Center 403(b) Retirement Savings PlanThe Duke University Faculty and Staff Retirement Plan, Total assets ($B): 8.950907627 · Participants: 44809The Duke University Faculty and Staff Retirement PlanThe Moses H. Cone Memorial Hospital Voluntary Savings Plan, Total assets ($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 PlanFirsthealth of the Carolinas, Inc. Matching Savings Plan, Total assets ($B): 0.38903876 · Participants: 5520Firsthealth of the Carolinas, Inc. Matching Savings Plan
Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan vs. nearby Other plans in North Carolina, assets vs. participants
Compare Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan side-by-side with 3 peers →

Scale composition for Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan

Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan reports $3.2B in end-of-year assets across 18,961 participants (0.026% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.020% of 93,925,755 covered participants) - about $168,389 per participant (1.2x the national average assets-per-participant) . Net income for plan year 2023 was $517M.

This plan identity (EIN 510190238, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.7B to $3.6B (+36.1%) while covered participants moved from 20,031 to 19,745 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 20,031 $2.7B Open filing
2023 18,961 $3.2B This page
2024 · index core 19,745 $3.6B Open filing

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

Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan's out-of-state Other peers by assets and headcount

Outside North Carolina, the nearest Other by assets is Sentara 403(b) Savings Plan in VA ($3.3B); by covered participants it is Sharp Healthcare 403(b) Tax Deferred Retirement Plan in CA (19,016 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (18,961 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 Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan assets move in 2023? ▼
Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan grew sharply - up 19.3% during 2023, from $2.7B to $3.2B. Reported net income was $517M.
How have Wake Forest University Baptist Medical Center plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Wake Forest University Baptist Medical Center's sponsor-wide assets grew 36.1%, from $2.7B to $3.6B.
Where does Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan ranks in the 100th 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 Other plans are similar in size to Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan? ▼
Among Other plans in other states, the closest by assets is Sentara 403(b) Savings Plan in VA ($3.3B, 25,806 participants).
Which Other plans cover a similar participant headcount to Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan? ▼
Among Other plans in other states, the closest by covered participants is Sharp Healthcare 403(b) Tax Deferred Retirement Plan in CA (19,016 participants, $657M 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 510190238.

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.