401(k) · DOL Form 5500 · 2024
Carefirst, Inc. 401(k) Plan
Data updated 2026-08-25
- $1.1B
- Total assets Very large vs avg
- 5,934
- Participants Above avg headcount
- 99th
- Percentile by assets National rank
- $180,500
- Avg per participant Above avg balance/head
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.
- #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.
- #8,308
- in Finance & Insurance (8,549 peers)
- +16.4%
- assets growth YoY
- 11×
- vs typical plan assets (national mean)
The Carefirst 401(k) Plan's outsized position by total assets
The Carefirst 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$1,071,087,000 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
The Carefirst 401(k) 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. The Carefirst 401(k) Plan lands in the large band (5,934 participants).
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.
Published 5500 schedule card
Filing strip 522069215 · Carefirst, Inc. PY 2024 · 401(k)
The Carefirst 401(k) Plan · $1.1B · 5,934 · 99th
- BOOK $1.1B
- BOOK 5,934
- BOOK 99th
- BOOK 401(k)
- BOOK near Norton Rose Fulbright US L.L.P. 401(k) and Profit Sharing Plan
- BOOK ind #8308
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 Finance & Insurance retirement plans → · Plans in Maryland →
The Carefirst 401(k) Plan in the asset neighbourhood
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.)
Sponsor-wide plan assets over time
All Carefirst, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $1.6B 21.57331490437219% vs 2022
- 2024 filing year
| 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.
- 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)
The Carefirst 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Maryland, the nearest 401(k) by assets is Norton Rose Fulbright US L.L.P. 401(k) and Profit Sharing Plan in TX ($1.1B); by covered participants it is Walden Security Federal Services Retirement Plan in TN (5,934 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.1B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (5,934 participants); asset peers above are excluded.
- Walden Security Federal Services Retirement Plan (TN) 5,934 · 0 off
- Restaurant Growth Services, LLC 401(k) Plan (TN) 5,938 · 4 off
- Dana Hourly Bargained Retirement and Savings Plan (OH) 5,930 · 4 off
- Nascar Employee 401 (K) Savings Plan (FL) 5,941 · 7 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.