Defined Benefit (Pension) · DOL Form 5500 · 2024
Carefirst, Inc. Pension Plan
Data updated 2026-08-06
- $546M
- Total assets
- 1,518
- Participants
- 97th
- Percentile by assets
- $359,410
- Avg per participant
Official DOL plan name: Carefirst, Inc. Retirement Plan · Sponsored by Carefirst, Inc. · Maryland · Finance & Insurance
$546M in assets, 1,518 participants
Carefirst, Inc.'s Carefirst, Inc. Retirement Plan reported $546M in total assets and 1,518 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.
- 97th percentile by assets (of 116,472 plans)
Where Carefirst, Inc. Retirement Plan sits by assets
Carefirst, Inc. Retirement Plan sits in the top 5% of all filed plans by assets, $546M for 1,518 participants (~$359,410/participant), down 4.8% in 2024.
- $546M
- total plan assets (2024 EOY)
- 1,518
- covered participants
- 97th
- percentile by assets (of 116,472 plans)
- $359,410
- avg assets per participant
The plan reported a net loss of $27M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Carefirst, Inc. Retirement Plan reported net income fell from $847K in the plan year 2023 filing to -$27M in the plan year 2024 filing.
- Carefirst, Inc. Retirement Plan reported participants fell from 1,626 in the plan year 2023 filing to 1,518 in the plan year 2024 filing.
- Carefirst, Inc. Retirement Plan end-of-year assets fell from $573M in the plan year 2023 filing to $546M in the plan year 2024 filing.
Carefirst, Inc. Retirement Plan vs the 2024 asset distribution
By assets, Carefirst, Inc. Retirement Plan outranks 97% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 5.5x the national average plan size of $100M (730 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $573M |
|---|---|
| Net Assets (End of Year) | $545M |
| Net Income | -$27M |
| Employer EIN | 522069215 |
| Plan Effective Date | 2003-01-01 |
| 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 Defined Benefit (Pension) Plans in Maryland
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Carefirst, Inc. Retirement Plan vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants
- National Electrical Benefit Fund $20.4B · 332,362
- Lockheed Martin Corporation Salaried Employee Retirement Program $18.3B · 18,014
- Bakery & Confectionery Union & Industry International Pension Fund $6.6B · 14,954
- National Automatic Sprinkler Industry Pension Fund $4.8B · 15,964
- Major League Baseball Players Pension Plan $4.8B · 1,091
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Carefirst, Inc. Retirement Plan by total assets, not by location.
- New Jersey Building Laborers Statewide Pension Fund (NJ) $546M · 2,166
- Teledyne Technologies Incorporated Pension Plan (CA) $546M · 66
- Metal Lathers Local 46 Pension Fund (NY) $545M · 874
- IBEW Local 595 Pension Plan (CA) $546M · 1,537
Frequently Asked Questions
How did Carefirst, Inc. Retirement Plan assets move in 2024? ▼
How have Carefirst, Inc. plan assets changed over time? ▼
Where does Carefirst, Inc. Retirement Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Carefirst, Inc. Retirement Plan? ▼
Next read for Carefirst, Inc. Retirement Plan
Scale reading
Ways to act on Carefirst, Inc. Retirement Plan's numbers.
- By total assets, Carefirst, Inc. Retirement Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) 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
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 522069215.
Read our methodology - how this data is sourced, computed, and verified.