Profit Sharing · DOL Form 5500 · 2022
Harvey Lipsitz Company, LLC. Profit Sharing Plan
Data updated 2026-08-11
- $5M
- Total assets
- 5
- Participants
- 50th
- Percentile by assets
- $972,452
- Avg per participant
Official DOL plan name: Basic Profit Sharing Plan · Sponsored by Harvey Lipsitz Company, LLC. · Pennsylvania · Wholesale Trade
$5M in assets, 5 participants
Harvey Lipsitz Company, LLC.'s Basic Profit Sharing Plan reported $5M in total assets and 5 participants in its 2022 DOL Form 5500 filing, ranking in the 50th 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.
- 50th percentile by assets (of 139,126 plans)
- #2,593 in Wholesale Trade (6,843 peers)
2022 asset change
Basic Profit Sharing Plan pulled back noticeably 10.2% in 2022 ($5M → $5M) for 5 participants.
- $5M
- total plan assets (2022 EOY)
- 5
- covered participants
- 50th
- percentile by assets (of 139,126 plans)
- $972,452
- avg assets per participant
The plan reported a net loss of $552K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
2022 asset move for Basic Profit Sharing Plan
Year over year, total assets pulled back noticeably from $5M at the start of 2022 to $5M at year-end (down 10.2%). Net assets closed at $5M; reported net income -$552K.
Harvey Lipsitz Company, LLC. years around the 2022 move
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 5 | $5M |
| 2023 | 1 | 5 | $6M |
| 2024 | 1 | 5 | N/A |
2022 asset-move particulars
| Total Assets (Beginning of Year) | $5M |
|---|---|
| Net Assets (End of Year) | $5M |
| Net Income | -$552K |
| Employer EIN | 251371099 |
| Plan Effective Date | 1980-01-01 |
| Filing Status | FILING RECEIVED |
Nearby Profit Sharing Plans in Pennsylvania
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Basic Profit Sharing Plan vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants
- Eastern Atlantic States Carpenters Annuity Fund $2.0B · 8,058
- University of Pennsylvania Basic Plan $1.4B · 14,515
- International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan $958M · 3,904
- Temple University Health System, Inc. Defined Contribution Retirement Plan $640M · 9,017
- Steamfitters Local Union No. 420 Srp $587M · 6,353
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Profit Sharing plans in other states closest to Basic Profit Sharing Plan by total assets, not by location.
Frequently Asked Questions
How did Basic Profit Sharing Plan assets move in 2022? ▼
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Next read for Basic Profit Sharing Plan
2022 change
Ways to act on Basic Profit Sharing Plan's numbers.
- By total assets, Basic Profit Sharing Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Pennsylvania. Compare plans