Profit Sharing · DOL Form 5500 · 2022

Michael S. Salter, Dpm, P.C. Profit Sharing Plan

Data updated 2026-08-25

$232K
Total assets Small plan by assets
2
Participants Small participant base
12th
Percentile by assets National rank
$116,008
Avg per participant Below avg balance/head
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Official DOL plan name: Michael S. Salter Dpm PC Employees Profit Sharing Plan & Trust · Sponsored by Michael S. Salter, Dpm, P.C. · Michigan · Healthcare & Social Assistance

$232K in assets, 2 participants

Michael S. Salter, Dpm, P.C.'s Michael S. Salter Dpm PC Employees Profit Sharing Plan & Trust reported $232K in total assets and 2 participants in its 2022 DOL Form 5500 filing, ranking in the 12th 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.

  • #1,652 in Healthcare & Social Assistance (20,060 peers)

Michael S. Salter, Dpm, P.C. multi-year trail

Michael S. Salter, Dpm, P.C.'s plans moved +29.8% in assets from 2022 to 2024; this filing shows Michael S. Salter Dpm PC Employees Profit Sharing Plan & Trust at $232K / 2 participants.

#1,652
in Healthcare & Social Assistance (20,060 peers)
-15.9%
assets change YoY

The plan reported a net loss of $44K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Michael S. Salter Dpm PC Employees Profit Sharing Plan & Trust among the smaller filed plans by assets

Michael S. Salter Dpm PC Employees Profit Sharing Plan & Trust vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$232,016 12th percentile higher than 12% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Michael S. Salter Dpm PC Employees Profit Sharing Plan & Trust among micro filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Michael S. Salter Dpm PC Employees Profit Sharing Plan & Trust is a micro filing (2 participants), the leftmost band.

Plan-year Form 5500 strip

Filing strip 382033931 · Michael S. Salter, Dpm, P.C. PY 2022 · Profit Sharing

Michael S. Salter Dpm PC Employees Profit Sharing Plan & Trust · $232K · 2 · 12th

  • TYPE $232K
  • NET 2
  • BOOK 12th
  • VS-ST Profit Sharing
  • BOY near Russey Thyes Corp. Profit Sharing Plan
  • SCH ind #1652

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Healthcare & Social Assistance retirement plans → · Plans in Michigan →

Michael S. Salter Dpm PC Employees Profit Sharing Plan & Trust in the asset neighbourhood

Michael S. Salter Dpm PC Employees Profit Sharing Plan & TrustMichael S. Salter Dpm PC Emp…$232KRussey Thyes Corp. Profit Sharing PlanRussey Thyes Corp. Profit Sh…$232KMaria D. Ojeda Retirement PlanMaria D. Ojeda Retirement Pl…$232KPanda Bear Holdings, Inc. Profit Sharing PlanPanda Bear Holdings, Inc. Pr…$232KHawk Mold & Die Supply Inc Profit Sharing PlanHawk Mold & Die Supply Inc P…$232K
End-of-year total assets ($M) among Michael S. Salter Dpm PC Employees Profit Sharing Plan & Trust and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

Michael S. Salter, Dpm, P.C. multi-year asset trail

Sponsor-wide plan assets over time

All Michael S. Salter, Dpm, P.C. plans reported in each filing year

Latest sponsor-wide plan assets
$301K 29.81130611681953% vs 2022
2024 filing year
$0.2M$0.25M$0.3M$0.35M 202220232024 $0.23M $0.3M ▲ +30.4%
Year Plans Participants Total Assets
2022 1 2 $232K
2023 1 2 $254K
2024 1 1 $301K

Michael S. Salter, Dpm, P.C. filing trail (2022)

Total Assets (Beginning of Year)$276K
Net Assets (End of Year)$232K
Net Income-$44K
Employer EIN382033931
Plan Effective Date1978-02-01
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in Michigan

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Michael S. Salter Dpm PC Employees Profit Sharing Plan & Trust vs. nearby Profit Sharing plans in Michigan, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -0.500.511.52 Total assets ($B) Participants Michael S. Salter Dpm PC Employees Profit Sharing Plan & Trust, Total assets ($B): 0.000232016 · Participants: 2Michael S. Salter Dpm PC Employees Profit Sharing Plan & TrustHenry Ford Health System Retirement Savings Plan, Total assets ($B): 1.562673044 · Participants: 15480Henry Ford Health System Retirement Savings PlanConstruction Industry Retirement Fund of Rockford, Total assets ($B): 0.474769731 · Participants: 10395Construction Industry Retirement Fund of RockfordOhio Carpenters' Annuity Plan, Total assets ($B): 0.370960232 · Participants: 8330Ohio Carpenters' Annuity PlanIBEW Local 150 Supplemental Pension Fund, Total assets ($B): 0.247597207 · Participants: 1286IBEW Local 150 Supplemental Pension FundHemlock Semiconductor Operations LLC Employees' Capital Accumulation Plan, Total assets ($B): 0.233598708 · Participants: 687Hemlock Semiconductor Operations LLC Employees' Capital Accumulation Plan
Michael S. Salter Dpm PC Employees Profit Sharing Plan & Trust vs. nearby Profit Sharing plans in Michigan, assets vs. participants
Compare Michael S. Salter Dpm PC Employees Profit Sharing Plan & Trust side-by-side with 3 peers →

Michael S. Salter Dpm PC Employees Profit Sharing Plan & Trust's out-of-state Profit Sharing peers by assets and headcount

Outside Michigan, the nearest Profit Sharing by assets is Russey Thyes Corp. Profit Sharing Plan in MD ($232K); by covered participants it is Johnson Goldberg & Brown, Ltd Profit Sharing Plan in IL (2 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Michael S. Salter Dpm PC Employees Profit Sharing Plan & Trust assets move in 2022? ▼
Michael S. Salter Dpm PC Employees Profit Sharing Plan & Trust declined sharply - down 15.9% during 2022, from $276K to $232K. Reported net income was -$44K.
How have Michael S. Salter, Dpm, P.C. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Michael S. Salter, Dpm, P.C.'s sponsor-wide assets grew 29.8%, from $232K to $301K.
Where does Michael S. Salter Dpm PC Employees Profit Sharing Plan & Trust rank by assets among Form 5500 filers? ▼
Michael S. Salter Dpm PC Employees Profit Sharing Plan & Trust ranks in the 12th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the smaller plans by assets on file).
Which Profit Sharing plans are similar in size to Michael S. Salter Dpm PC Employees Profit Sharing Plan & Trust? ▼
Among Profit Sharing plans in other states, the closest by assets is Russey Thyes Corp. Profit Sharing Plan in MD ($232K, 2 participants).
Which Profit Sharing plans cover a similar participant headcount to Michael S. Salter Dpm PC Employees Profit Sharing Plan & Trust? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Johnson Goldberg & Brown, Ltd Profit Sharing Plan in IL (2 participants, $4M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 382033931.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.