401(k) · DOL Form 5500 · 2024
Carefirst, Inc. 401(k) Plan
Data updated 2026-08-11
- $1.1B
- Total assets
- 5,934
- Participants
- 99th
- Percentile by assets
- $180,500
- Avg per participant
Official DOL plan name: The Carefirst 401(k) Plan · Sponsored by Carefirst, Inc. · Maryland · Finance & Insurance
$1.1B in assets, 5,934 participants
Carefirst, Inc.'s The Carefirst 401(k) Plan reported $1.1B in total assets and 5,934 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.
- 99th percentile by assets (of 123,622 plans)
- #8,308 in Finance & Insurance (8,549 peers)
Coverage in Maryland
The Carefirst 401(k) Plan covers 5,934 participants in Maryland, 6.4x the typical Maryland plan (state average ~929 per filing). Assets: $1.1B.
- $1.1B
- total plan assets (2024 EOY)
- 5,934
- covered participants
- 99th
- percentile by assets (of 123,622 plans)
- $180,500
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- The Carefirst 401(k) Plan end-of-year assets rose from $920M in the plan year 2023 filing to $1.1B in the plan year 2024 filing.
- The Carefirst 401(k) Plan reported net income fell from $162M in the plan year 2023 filing to $151M in the plan year 2024 filing.
- The Carefirst 401(k) Plan reported participants rose from 5,822 in the plan year 2023 filing to 5,934 in the plan year 2024 filing.
Participants vs Maryland filers
In Maryland, the average filing covers about 929 participants across 2,484 plans. The Carefirst 401(k) Plan reports 5,934 participants - 6.4x that state average ($1.1B EOY assets).
Maryland filing particulars
| Total Assets (Beginning of Year) | $920M |
|---|---|
| Net Assets (End of Year) | $1.1B |
| Net Income | $151M |
| Employer EIN | 522069215 |
| Plan Effective Date | 1984-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Carefirst, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 7,424 | $1.3B |
| 2023 | 2 | 7,448 | $1.5B |
| 2024 | 2 | 7,452 | $1.6B |
Nearby 401(k) Plans in Maryland
Peer 401(k) plans, same state, same plan type, ranked by total assets.
The Carefirst 401(k) Plan vs. nearby 401(k) plans in Maryland, assets vs. participants
- Lockheed Martin Corporation Salaried Savings Plan $51.4B · 96,812
- Marriott Retirement Savings Plan $11.7B · 101,417
- T. Rowe Price U.S. Retirement Program $4.9B · 6,639
- Nfl Player Second Career Savings Plan $4.1B · 2,771
- Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees $3.0B · 18,370
Scale composition for The Carefirst 401(k) Plan
The Carefirst 401(k) Plan reports $1.1B in end-of-year assets across 5,934 participants (0.009% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $180,500 per participant (1.3x the national average assets-per-participant) . Net income for plan year 2024 was $151M.
This plan identity (EIN 522069215, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $758M to $1.1B (+41.4%) while covered participants moved from 5,661 to 5,934 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,661 | $758M | Open filing |
| 2023 | 5,822 | $920M | Open filing |
| 2024 · index core | 5,934 | $1.1B | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Carefirst, Inc. Retirement Plan (Defined Benefit (Pension), $546M, 1,518 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to The Carefirst 401(k) Plan by total assets, not by location.
- Norton Rose Fulbright US L.L.P. 401(k) and Profit Sharing Plan (TX) $1.1B · 1,612
- Sabre Glbl Inc. 401(k) Savings Plan (TX) $1.1B · 2,493
- Charles River Laboratories, Inc. Savings/Plus Plan (MA) $1.1B · 10,833
- Devon Energy Corporation Incentive Savings Plan (OK) $1.1B · 1,958
Frequently Asked Questions
How did The Carefirst 401(k) Plan assets move in 2024? ▼
How have Carefirst, Inc. plan assets changed over time? ▼
Where does The Carefirst 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to The Carefirst 401(k) Plan? ▼
Next read for The Carefirst 401(k) Plan
Filing takeaways
Ways to act on The Carefirst 401(k) Plan's numbers.
- By total assets, The Carefirst 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Maryland. Compare plans
- Carefirst, Inc.'s sponsor-wide assets have grown 21.6% since 2022 across 3 plan years on file. More Finance & Insurance plans