401(k) · DOL Form 5500 · 2024
WAKEMED 401(k) Plan
Data updated 2026-08-25
- $1.4B
- Total assets Very large vs avg
- 11,105
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $129,865
- Avg per participant Near avg balance/head
Official DOL plan name: Wakemed Retirement Savings Plan · Sponsored by WAKEMED · North Carolina · Healthcare & Social Assistance
$1.4B in assets, 11,105 participants
WAKEMED's Wakemed Retirement Savings Plan reported $1.4B in total assets and 11,105 participants in its 2024 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.
- #16,759 in Healthcare & Social Assistance (16,916 peers)
Coverage in North Carolina
Wakemed Retirement Savings Plan covers 11,105 participants in North Carolina, 14x the typical North Carolina plan (state average ~819 per filing). Assets: $1.4B.
- #16,759
- in Healthcare & Social Assistance (16,916 peers)
- +15.8%
- assets growth YoY
- 14×
- vs typical plan assets (national mean)
Wakemed Retirement Savings Plan's outsized position by total assets
Wakemed Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$1,442,148,441 Top 1% higher than 99% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Wakemed Retirement Savings Plan's mega-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 Retirement Savings Plan is a mega filing (11,105 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Wakemed Retirement Savings Plan reported net income rose from $128M in the plan year 2023 filing to $197M in the plan year 2024 filing.
- Wakemed Retirement Savings Plan end-of-year assets rose from $1.2B in the plan year 2023 filing to $1.4B in the plan year 2024 filing.
- Wakemed Retirement Savings Plan reported participants fell from 11,758 in the plan year 2023 filing to 11,105 in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 566017737 · WAKEMED PY 2024 · 401(k)
Wakemed Retirement Savings Plan · $1.4B · 11,105 · 99th
- BOOK $1.4B
- BOOK 11,105
- BOOK 99th
- BOOK 401(k)
- BOOK near Allegheny Health Network 401(k) Plan
- BOOK ind #16759
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 Retirement Savings Plan in the asset neighbourhood
North Carolina filing particulars
| Total Assets (Beginning of Year) | $1.2B |
|---|---|
| Net Assets (End of Year) | $1.4B |
| Net Income | $197M |
| Employer EIN | 566017737 |
| Plan Effective Date | 1990-01-01 |
| Filing Status | FILING 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
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 13,855 | $1.2B |
| 2023 | 2 | 13,748 | $1.3B |
| 2024 | 2 | 12,940 | $1.5B |
Nearby 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- The Bank of America 401(k) Plan $62.9B · 168,963
- Honeywell 401(k) Plan $16.3B · 39,468
- Duke Energy Retirement Savings Plan $11.3B · 27,341
- Nucor Corporation Profit Sharing and Retirement Savings Plan $9.3B · 27,070
- Truist Financial Corporation 401(k) Savings Plan $9.2B · 52,699
Scale composition for Wakemed Retirement Savings Plan
Wakemed Retirement Savings Plan reports $1.4B in end-of-year assets across 11,105 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 $129,865 per participant (94% of the national average assets-per-participant) . Net income for plan year 2024 was $197M.
This plan identity (EIN 566017737, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.1B to $1.4B (+29.1%) while covered participants moved from 11,689 to 11,105 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 11,689 | $1.1B | Open filing |
| 2023 | 11,758 | $1.2B | Open filing |
| 2024 · index core | 11,105 | $1.4B | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Wakemed Pension Plan (Defined Benefit (Pension), $97M, 1,835 participants)
Wakemed Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside North Carolina, the nearest 401(k) by assets is Allegheny Health Network 401(k) Plan in PA ($1.4B); by covered participants it is Baptist Health 401(a) Plan in AR (11,107 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.4B here).
- Allegheny Health Network 401(k) Plan (PA) $1.4B · 21,065
- Akamai Technologies, Inc. 401(k) Plan (MA) $1.4B · 3,815
- Iheart Media, Inc. 401(k) Savings Plan (TX) $1.4B · 9,125
- Villagemd 401(k) Retirement Savings Plan (NY) $1.4B · 11,509
Similar participant headcount
Nearest other-state filings by covered participants (11,105 participants); asset peers above are excluded.
- Baptist Health 401(a) Plan (AR) 11,107 · 2 off
- Brand Share 401(k) Savings & Profit Sharing Plan (GA) 11,095 · 10 off
- Southern California Pipe Trades Defined Contribution Plan (CA) 11,091 · 14 off
- Reliance, Inc. Master 401(k) Plan (AZ) 11,088 · 17 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.