Carefirst 401(k) match, vesting and fees
What Carefirst's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Inv Inst Oper Co LLC | Schedule C ↗ |
| Independent auditor | Sb & Company LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 118 defined-contribution plans in finance and insurance with 5,000 to 9,999 participants.
| Carefirst: employer contribution per participant | $6,069 | |
| Peer median | $3,354 |
| Carefirst: average balance | $131,357 | |
| Peer median | $126,365 |
| Carefirst: admin expenses ÷ assets | 0.06% | |
| Peer median | 0.06% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $920M at the end of plan year 2023 to $1.1B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 8,238 | $1.1B | $49.5M | $6,069 | 0.06% | Not published | Form 5500 ↗ |
| 2023 | 7,919 | $920M | $47.4M | $6,013 | 0.03% | Not published | Form 5500 ↗ |
Other Carefirst plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Carefirst, Inc. Retirement Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Morneau Shepell Limited | Schedule C ↗ |
| Independent auditor | Sb & Company, LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Carefirst match 401(k) contributions?
The match terms for the The Carefirst 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $49.5M in employer contributions, about $6,069 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Carefirst 401(k) match vested?
The vesting schedule for the The Carefirst 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Carefirst 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Inv Inst Oper Co LLC. The plan administrator is Retirement Committee of Carefirst, Inc..
I left Carefirst. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Retirement Committee of Carefirst, Inc., (410) 998-7355) or the recordkeeper, Fidelity Inv Inst Oper Co LLC. The Carefirst old 401(k) page lists the contacts from every plan filing. Find an old Carefirst 401(k)
Data from the public Form 5500 annual reports Carefirst filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Carefirst. Not financial advice. Report a correction · Methodology