Defined Benefit (Pension) · DOL Form 5500 · 2024
Caromont Health, Inc. Pension Plan
Data updated 2026-08-25
- $58M
- Total assets Below avg plan size
- 619
- Participants Below avg headcount
- 86th
- Percentile by assets National rank
- $94,372
- Avg per participant Below avg balance/head
Official DOL plan name: Pension Plan for the Employees of Caromont Health · Sponsored by Caromont Health, Inc. · North Carolina · Healthcare & Social Assistance
$58M in assets, 619 participants
Caromont Health, Inc.'s Pension Plan for the Employees of Caromont Health reported $58M in total assets and 619 participants in its 2024 DOL Form 5500 filing, ranking in the 86th 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.
- #14,865 in Healthcare & Social Assistance (16,916 peers)
Where Pension Plan for the Employees of Caromont Health sits by assets
Pension Plan for the Employees of Caromont Health sits in the top quartile of all filed plans by assets, $58M for 619 participants (~$94,372/participant), down 48.1% in 2024.
- #14,865
- in Healthcare & Social Assistance (16,916 peers)
- -48.1%
- assets change YoY
- 0.6×
- vs typical plan assets (national mean)
The plan reported a net loss of $54M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Pension Plan for the Employees of Caromont Health's outsized position by total assets
Pension Plan for the Employees of Caromont Health vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$58,416,229 Top 14% higher than 86% 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
Pension Plan for the Employees of Caromont Health among mid-size filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Pension Plan for the Employees of Caromont Health sits mid-pack in the medium band (619 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Pension Plan for the Employees of Caromont Health end-of-year assets fell from $113M in the plan year 2023 filing to $58M in the plan year 2024 filing.
- Pension Plan for the Employees of Caromont Health reported net income rose from -$100M in the plan year 2023 filing to -$54M in the plan year 2024 filing.
- Pension Plan for the Employees of Caromont Health reported participants fell from 658 in the plan year 2023 filing to 619 in the plan year 2024 filing.
Plan-year Form 5500 strip
Filing strip 581636959 · Caromont Health, Inc. PY 2024 · Defined Benefit (Pension)
Pension Plan for the Employees of Caromont Health · $58M · 619 · 86th
- 5500 $58M
- 5500 619
- 5500 86th
- 5500 Defined Benefit (Pension)
- 5500 near Wolf & Company, P.C. Defined Benefit Pension Plan
- 5500 ind #14865
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 →
Pension Plan for the Employees of Caromont Health in the asset neighbourhood
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $113M |
|---|---|
| Net Assets (End of Year) | $58M |
| Net Income | -$54M |
| Employer EIN | 581636959 |
| Plan Effective Date | 1971-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Caromont Health, Inc.)
Sponsor-wide plan assets over time
All Caromont Health, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $569M 3.0602434618950616% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 4,920 | $587M |
| 2023 | 2 | 5,116 | $557M |
| 2024 | 2 | 5,532 | $569M |
Nearby Defined Benefit (Pension) Plans in North Carolina
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Honeywell Retirement Earnings Plan $16.6B · 9,923
- Truist Financial Corporation Pension Plan $14.7B · 38,548
- Duke Energy Retirement Cash Balance Plan $4.7B · 13,576
- Employees' Retirement Plan of Duke University $2.8B · 22,655
- The Hearst Corporation Retirement Plan $2.4B · 1,745
Pension Plan for the Employees of Caromont Health's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Wolf & Company, P.C. Defined Benefit Pension Plan in MA ($58M); by covered participants it is IBEW Local 7 Pension Fund in CT (620 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($58M here).
Similar participant headcount
Nearest other-state filings by covered participants (619 participants); asset peers above are excluded.
- IBEW Local 7 Pension Fund (CT) 620 · 1 off
- Local 808 Ibt Pension Plan (NY) 618 · 1 off
- Masterbrand, Inc. Pension Plan (OH) 621 · 2 off
- Valley National Bank Pension Plan (NJ) 621 · 2 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.