Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Westminster College Defined Contribution Retirement Plan

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Westminster College · Pennsylvania · Educational Services

What the 2023 filing shows

Westminster College Defined Contribution Retirement Plan holds $68M for 266 participants — about $257,440 per participant, down 15.0% over the 2022 plan year.

$68M
total plan assets (2022 EOY)
266
covered participants
$257,440
avg assets per participant
-15.0%
assets change YoY

The plan reported a net loss of $12M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$68M
Participants
266
State
Industry
Educational Services

What the Filing Says About Westminster College Defined Contribution Retirement Plan

Westminster College Defined Contribution Retirement Plan is a Profit Sharing retirement plan sponsored by Westminster College, headquartered in Pennsylvania. As of the 2022 Form 5500 filing, the plan reports $68M in total end-of-year assets and covers 266 participants across the Educational Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 250981156, and the plan has been effective since 1957-08-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $81M at the beginning of 2022 to $68M at year-end — a decline of 15.0%. Net assets (after liabilities) closed the year at $68M, with reported net income of $-12,096,214 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$81M
Total Assets (End of Year)$68M
Net Assets (End of Year)$68M
Net Income$-12,096,214
Plan TypeProfit Sharing
Employer EIN250981156
Plan Effective Date1957-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Westminster College)

Year Plans Participants Total Assets
2022 1 266 $68M
2023 1 271 $75M
2024 1 200 $78M

Nearby Profit Sharing Plans in Pennsylvania

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

Frequently Asked Questions

How much money is in the Westminster College Defined Contribution Retirement Plan?
As of the 2022 Form 5500 filing, Westminster College Defined Contribution Retirement Plan holds $68M in total assets with 266 participants. It is sponsored by Westminster College.
What type of plan is Westminster College Defined Contribution Retirement Plan?
Westminster College Defined Contribution Retirement Plan is a Profit Sharing plan. It has been effective since 1957-08-01. The plan is filed with the U.S. Department of Labor under EIN 250981156.
Who sponsors the Westminster College Defined Contribution Retirement Plan?
Westminster College Defined Contribution Retirement Plan is sponsored by Westminster College, located in Pennsylvania. The sponsor's EIN is 250981156 and the plan operates in the Educational Services industry.
How did Westminster College Defined Contribution Retirement Plan perform in 2022?
Westminster College Defined Contribution Retirement Plan declined by 15.0% during 2022, moving from $81M to $68M in total assets. Net income was $-12,096,214.
Where can I find official filings for Westminster College Defined Contribution Retirement Plan?
Official Form 5500 filings for Westminster College Defined Contribution Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 250981156 or plan name at efast.dol.gov.
How does Westminster College Defined Contribution Retirement Plan compare to other plans?
You can compare Westminster College Defined Contribution Retirement Plan against other Profit Sharing plans on the plan type page, or view plans in Pennsylvania on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 250981156.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

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