Carefirst, Inc. 401(k) Plan: Login, Facts & Contact Information

Carefirst, Inc. 401(k) Plan Facts

Plan name
THE CAREFIRST 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CAREFIRST, INC.
Participants
7,919 (6,286 active employees)
Former employees with a balance
1,834
Plan assets
$1,071,087,000 at Dec 31, 2024
Average account balance
$131,357 across 8,154 accounts
Employer contributions
$49,484,000 in plan year 2024 (42% of all contributions)
Recordkeeper
Fidelity Inv Inst Oper Co Llc
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1984
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 12, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $118.8 million went into the plan in contributions, $49.5 million of it from the employer (42%).
  • $98.2 million was paid out to participants.
  • Investment and other income added $131.0 million.
  • Administrative expenses were $549,000, about $67 per account.

How the Carefirst, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20196,873$709.8 million$18.8 million$72.8 million
20206,992$815.4 million$21.0 million$71.7 million
20217,411$935.5 million$22.9 million$87.5 million
20227,607$757.6 million$23.7 million$95.9 million
20237,809$920.0 million$47.4 million$87.2 million
20247,919$1.07 billion$49.5 million$98.2 million

Carefirst, Inc. 401(k) Contact Information

Phone
410-998-7355
Mailing address
10455 MILL RUN CIRCLE MAILSTOP OM2-250, OWINGS MILLS MD 211175559
Plan sponsor
CAREFIRST, INC.
Plan administrator
RETIREMENT COMMITTEE OF CAREFIRST, INC.
Employer identification number (EIN)
52-2069215
Plan number
002

Questions about the Carefirst, Inc. 401(k)

Does Carefirst, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $49.5 million, 42% of all contributions.

Does the Carefirst, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Carefirst, Inc 401(k) plan?

7,919 participants at the start of plan year 2024, 6,286 of them active employees, and 1,834 former employees who still had money in the plan.

What is the average 401(k) balance at Carefirst, Inc?

About $131,357 per account: $1.07 billion in plan assets across 8,154 accounts with a balance at the end of plan year 2024.

Who manages the Carefirst, Inc 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INV INST OPER CO LLC) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Carefirst, Inc. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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