Defined Benefit (Pension) · DOL Form 5500 · 2024

WAKEMED Pension Plan

Data updated 2026-08-25

$97M
Total assets Below avg plan size
1,835
Participants Near avg headcount
90th
Percentile by assets National rank
$52,823
Avg per participant Low balance/head
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Official DOL plan name: Wakemed Pension Plan · Sponsored by WAKEMED · North Carolina · Healthcare & Social Assistance

$97M in assets, 1,835 participants

WAKEMED's Wakemed Pension Plan reported $97M in total assets and 1,835 participants in its 2024 DOL Form 5500 filing, ranking in the 90th 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.

  • #15,459 in Healthcare & Social Assistance (16,916 peers)

Coverage in North Carolina

Wakemed Pension Plan covers 1,835 participants in North Carolina, 2.2x the typical North Carolina plan (state average ~819 per filing). Assets: $97M.

#15,459
in Healthcare & Social Assistance (16,916 peers)
+4.2%
assets growth YoY
1.0×
vs typical plan assets (national mean)

Wakemed Pension Plan's outsized position by total assets

Wakemed Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$96,929,968 Top 10% higher than 90% of 123,620 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 2024

Wakemed Pension Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Wakemed Pension Plan lands in the large band (1,835 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Wakemed Pension Plan reported net income fell from $5M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • Wakemed Pension Plan reported participants fell from 1,990 in the plan year 2023 filing to 1,835 in the plan year 2024 filing.
  • Wakemed Pension Plan end-of-year assets rose from $93M in the plan year 2023 filing to $97M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 566017737 · WAKEMED PY 2024 · Defined Benefit (Pension)

Wakemed Pension Plan · $97M · 1,835 · 90th

  • PHOTO $97M
  • PHOTO 1,835
  • PHOTO 90th
  • PHOTO Defined Benefit (Pension)
  • PHOTO near The Glenmede Corporation Retirement Plan
  • PHOTO ind #15459

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 →

Wakemed Pension Plan in the asset neighbourhood

Meijer Hourly Pension Plan$97MWakemed Pension Plan$97MThe Glenmede Corporation Retirement PlanThe Glenmede Corporation Ret…$97MGood Samaritan Hospital Retirement PlanGood Samaritan Hospital Reti…$97MWacker Salaried Pension Plan$97M
End-of-year total assets ($M) among Wakemed Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$93M
Net Assets (End of Year)$97M
Net Income$4M
Employer EIN566017737
Plan Effective Date1965-12-31
Filing StatusFILING RECEIVED

Sponsor Plan History (WAKEMED)

Sponsor-wide plan assets over time

All WAKEMED plans reported in each filing year

Latest sponsor-wide plan assets
$1.5B 27.724753350008108% vs 2022
2024 filing year
$1B$1.2B$1.4B$1.6B 202220232024 $1.2B $1.54B ▲ +28.3%
Year Plans Participants Total Assets
2022 2 13,855 $1.2B
2023 2 13,748 $1.3B
2024 2 12,940 $1.5B

Nearby Defined Benefit (Pension) Plans in North Carolina

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

Wakemed Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -505101520 Total assets ($B) Participants Wakemed Pension Plan, Total assets ($B): 0.096929968 · Participants: 1835Wakemed Pension PlanHoneywell Retirement Earnings Plan, Total assets ($B): 16.577892612 · Participants: 9923Honeywell Retirement Earnings PlanTruist Financial Corporation Pension Plan, Total assets ($B): 14.698665729 · Participants: 38548Truist Financial Corporation Pension PlanDuke Energy Retirement Cash Balance Plan, Total assets ($B): 4.678 · Participants: 13576Duke Energy Retirement Cash Balance PlanEmployees' Retirement Plan of Duke University, Total assets ($B): 2.784844379 · Participants: 22655Employees' Retirement Plan of Duke UniversityThe Hearst Corporation Retirement Plan, Total assets ($B): 2.397551709 · Participants: 1745The Hearst Corporation Retirement Plan
Wakemed Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Wakemed Pension Plan side-by-side with 3 peers →

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

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is The Glenmede Corporation Retirement Plan in PA ($97M); by covered participants it is Laborers Agc Pension Trust of Montana in WA (1,835 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($97M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,835 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Wakemed Pension Plan assets move in 2024? ▼
Wakemed Pension Plan edged up modestly - up 4.2% during 2024, from $93M to $97M. Reported net income was $4M.
How have WAKEMED plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), WAKEMED's sponsor-wide assets grew 27.7%, from $1.2B to $1.5B.
Where does Wakemed Pension Plan rank by assets among Form 5500 filers? ▼
Wakemed Pension Plan ranks in the 90th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Wakemed Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Glenmede Corporation Retirement Plan in PA ($97M, 95 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Wakemed Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Laborers Agc Pension Trust of Montana in WA (1,835 participants, $138M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 566017737.

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.