Defined Benefit (Pension) · DOL Form 5500 · 2023

Carilion Clinic Pension Plan

Data updated 2026-08-25

$1.5B
Total assets Very large vs avg
11,006
Participants Very large workforce
99th
Percentile by assets National rank
$132,315
Avg per participant Near avg balance/head
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Official DOL plan name: Retirement Plan of Carilion Clinic · Sponsored by Carilion Clinic · Virginia · Management of Enterprises

$1.5B in assets, 11,006 participants

Carilion Clinic's Retirement Plan of Carilion Clinic reported $1.5B in total assets and 11,006 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.

  • #1,094 in Management of Enterprises (1,137 peers)

Coverage in Virginia

Retirement Plan of Carilion Clinic covers 11,006 participants in Virginia, 14x the typical Virginia plan (state average ~782 per filing). Assets: $1.5B.

#1,094
in Management of Enterprises (1,137 peers)
+14.2%
assets growth YoY
15×
vs typical plan assets (national mean)

Retirement Plan of Carilion Clinic's outsized position by total assets

Retirement Plan of Carilion Clinic vs every filed plan by assets

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

$1,456,261,601 Top 1% higher than 99% 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

Retirement Plan of Carilion Clinic'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. Retirement Plan of Carilion Clinic is a mega filing (11,006 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Retirement Plan of Carilion Clinic reported net income rose from -$7M in the plan year 2022 filing to $181M in the plan year 2023 filing.
  • Retirement Plan of Carilion Clinic end-of-year assets rose from $1.3B in the plan year 2022 filing to $1.5B in the plan year 2023 filing.
  • Retirement Plan of Carilion Clinic reported participants rose from 10,722 in the plan year 2022 filing to 11,006 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 541190771 · Carilion Clinic PY 2023 · Defined Benefit (Pension)

Retirement Plan of Carilion Clinic · $1.5B · 11,006 · 99th

  • 5500 $1.5B
  • 5500 11,006
  • 5500 99th
  • 5500 Defined Benefit (Pension)
  • 5500 near Employee Retirement Income Plan - Hourly East
  • 5500 ind #1094

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 Management of Enterprises retirement plans → · Plans in Virginia →

Retirement Plan of Carilion Clinic in the asset neighbourhood

Retirement Plan of Carilion ClinicRetirement Plan of Carilion …$1.5BEmployee Retirement Income Plan - Hourly EastEmployee Retirement Income P…$1.5BLaborers National Pension FundLaborers National Pension Fu…$1.5BPipe Trades Services Mn Pension PlanPipe Trades Services Mn Pens…$1.5BXerox Corporation Retirement Income Guarantee PlanXerox Corporation Retirement…$1.5B
End-of-year total assets ($B) among Retirement Plan of Carilion Clinic and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$1.3B
Net Assets (End of Year)$1.5B
Net Income$181M
Employer EIN541190771
Plan Effective Date1970-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Carilion Clinic)

Sponsor-wide plan assets over time

All Carilion Clinic plans reported in each filing year

Latest sponsor-wide plan assets
$2.4B 20.722181716512168% vs 2022
2024 filing year
$1.8B$2B$2.2B$2.4B$2.6B 202220232024 $1.98B $2.4B ▲ +21.2%
Year Plans Participants Total Assets
2022 3 25,551 $2.0B
2023 3 26,344 $2.3B
2024 3 26,103 $2.4B

Nearby Defined Benefit (Pension) Plans in Virginia

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

Retirement Plan of Carilion Clinic vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants Scatter plot of 6 data points. 020000400006000080000 0510152025 Total assets ($B) Participants Retirement Plan of Carilion Clinic, Total assets ($B): 1.456261601 · Participants: 11006Retirement Plan of Carilion ClinicNorthrop Grumman Pension Plan, Total assets ($B): 19.134846358 · Participants: 13674Northrop Grumman Pension PlanRetirement Security Plan, Total assets ($B): 10.184642779 · Participants: 54171Retirement Security PlanNg Space&mission Systems Corp Salaried Pension Pla, Total assets ($B): 8.450021632 · Participants: 7117Ng Space&mission Systems Corp Salaried Pension PlaSheet Metal Workers' National Pension Fund, Total assets ($B): 8.306466489 · Participants: 61272Sheet Metal Workers' National Pension FundDominion Energy Pension Plan, Total assets ($B): 7.570958933 · Participants: 12263Dominion Energy Pension Plan
Retirement Plan of Carilion Clinic vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
Compare Retirement Plan of Carilion Clinic side-by-side with 3 peers →

Scale composition for Retirement Plan of Carilion Clinic

Retirement Plan of Carilion Clinic reports $1.5B in end-of-year assets across 11,006 participants (0.012% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.012% of 93,925,755 covered participants) - about $132,315 per participant (96% of the national average assets-per-participant) . Net income for plan year 2023 was $181M.

This plan identity (EIN 541190771, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.3B to $1.4B (+12.8%) while covered participants moved from 10,722 to 10,559 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 10,722 $1.3B Open filing
2023 11,006 $1.5B This page
2024 · index core 10,559 $1.4B Open filing

The same sponsor also keeps 3 other index-core plans on PlainRetire:

Retirement Plan of Carilion Clinic's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Virginia, the nearest Defined Benefit (Pension) by assets is Employee Retirement Income Plan - Hourly East in WA ($1.5B); by covered participants it is New York District Council of Carpenters Pension Pl in NY (11,091 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.5B here).

Similar participant headcount

Nearest other-state filings by covered participants (11,006 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 Retirement Plan of Carilion Clinic assets move in 2023? ▼
Retirement Plan of Carilion Clinic grew at a solid clip - up 14.2% during 2023, from $1.3B to $1.5B. Reported net income was $181M.
How have Carilion Clinic plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Carilion Clinic's sponsor-wide assets grew 20.7%, from $2.0B to $2.4B.
Where does Retirement Plan of Carilion Clinic rank by assets among Form 5500 filers? ▼
Retirement Plan of Carilion Clinic 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 Defined Benefit (Pension) plans are similar in size to Retirement Plan of Carilion Clinic? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Employee Retirement Income Plan - Hourly East in WA ($1.5B, 1,729 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Retirement Plan of Carilion Clinic? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is New York District Council of Carpenters Pension Pl in NY (11,091 participants, $5.1B 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 541190771.

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.