Employer · plans filed under one EIN
Multicare Health System
Tacoma, WA · Health care and social assistance
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
Multicare Health System, based in Tacoma, Washington, sponsors 4 retirement plans with 100 or more participants: 3 defined contribution and 1 defined benefit. Together they reported 50,517 participant records and $2.99B in net assets.
The largest is Multicare Health System 403(b) Employee Savings Plan, a 403(b) plan with 20,136 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $69.2M and participant contributions $144M in the latest plan years; benefits paid were $211M. Schedule C compensation reported to service provider organisations totalled $4.0M.
Combined net assets moved from $473M in 2009 to $2.99B in 2024 (up 532%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Multicare Health System 403(b) Employee Savings Plan | 403(b) plan | 2024 | 20,136 | $1.16B | $57,837 | $0 | $1.6M |
| Multicare Health System Retirement Account Plan | profit-sharing plan | 2024 | 15,127 | $562M | $37,125 | $4,512 | $379K |
| Multicare Health System 401(k) Plan | 401(k) plan | 2024 | 12,091 | $779M | $64,433 | $1,401 | $637K |
| Retirement Plan for Employees of Multicare Health System | defined benefit pension plan | 2024 | 3,163 | $483M | $152,775 | — | $1.4M |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 4 | 50,517 | $2.99B | $69.2M | $144M |
| 2023 | 4 | 44,375 | $2.33B | $64.1M | $127M |
| 2022 | 4 | 42,196 | $1.98B | $58.6M | $115M |
| 2021 | 4 | 40,477 | $2.43B | $54.5M | $106M |
| 2020 | 4 | 38,522 | $2.19B | $49.6M | $88.8M |
| 2019 | 4 | 36,797 | $1.87B | $47.0M | $81.6M |
| 2018 | 4 | 36,045 | $1.54B | $43.2M | $72.5M |
| 2017 | 4 | 29,297 | $1.58B | $37.3M | $55.7M |
| 2016 | 4 | 29,183 | $1.34B | $53.9M | $53.6M |
| 2015 | 4 | 25,069 | $1.22B | $58.4M | $42.5M |
| 2014 | 4 | 24,582 | $1.23B | $44.8M | $36.9M |
| 2013 | 4 | 24,282 | $1.11B | $52.0M | $33.0M |
| 2012 | 4 | 23,235 | $947M | $61.9M | $27.7M |
| 2011 | 4 | 21,654 | $804M | $64.3M | $26.7M |
| 2010 | 4 | 21,659 | $725M | $55.4M | $24.0M |
| 2009 | 3 | 16,511 | $473M | $56.1M | $17.1M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Empower Annuity Insurance Company | Recordkeeping and information management; Participant loan processing | 3 | $1,945,738 |
| Empower Advisory Group, LLC | Investment advisory (participants) | 2 | $631,137 |
| Legal & General Investment Manageme | Investment management | 1 | $377,415 |
| Nisa Investment Advisors | Investment management | 1 | $335,321 |
| Milliman, Inc. | Recordkeeping and information management; Consulting (pension) | 1 | $303,855 |
| Pimco Investment Management Co. | Investment advisory (plan); Investment management | 1 | $268,499 |
| Principal Financial Group Inc. | Custodial (other than securities); Trustee (bank, trust company, or similar financial institution); Other services | 1 | $115,205 |
| Cambridge Investment Research | Investment advisory (participants) | 2 | $12,651 |
| Northern Capital Management | Securities brokerage | 1 | $11,779 |
| Financial Engines Advisors LLC | Investment advisory (participants) | 2 | $10,884 |
| Absolute Capital Managment LLC | Investment advisory (participants) | 2 | $9,363 |
| Hohimer Wealth Management LLC | Investment advisory (participants) | 2 | $6,371 |
| Vestia Advisors LLC | Investment advisory (participants) | 2 | $5,778 |
| Charles Schwab & Co., Inc. | Investment advisory (participants); Securities brokerage | 3 | $4,343 |
| Driven Investments LLC | Investment advisory (participants) | 2 | $989 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Multicare Health System have?
4 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Multicare Health System 403(b) Employee Savings Plan, Multicare Health System Retirement Account Plan, Multicare Health System 401(k) Plan and Retirement Plan for Employees of Multicare Health System. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Multicare Health System contribute to its plans?
$69,178,627 in employer contributions across these plans in their latest plan years, about $1,772 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Empower Annuity Insurance Company, Empower Advisory Group, LLC, Legal & General Investment Manageme and Nisa Investment Advisors and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.