Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Newberry College DC Retirement Plan

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

Sponsored by Newberry College · South Carolina · Educational Services

What the 2023 filing shows

Newberry College DC Retirement Plan holds $19M for 227 participants — about $81,986 per participant, down 13.5% over the 2022 plan year.

$19M
total plan assets (2022 EOY)
227
covered participants
$81,986
avg assets per participant
-13.5%
assets change YoY

The plan reported a net loss of $3M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$19M
Participants
227
Industry
Educational Services

What the Filing Says About Newberry College DC Retirement Plan

Newberry College DC Retirement Plan is a Profit Sharing retirement plan sponsored by Newberry College, headquartered in South Carolina. As of the 2022 Form 5500 filing, the plan reports $19M in total end-of-year assets and covers 227 participants across the Educational Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 570314404, and the plan has been effective since 1956-09-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $22M at the beginning of 2022 to $19M at year-end — a decline of 13.5%. Net assets (after liabilities) closed the year at $19M, with reported net income of $-2,896,269 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)$22M
Total Assets (End of Year)$19M
Net Assets (End of Year)$19M
Net Income$-2,896,269
Plan TypeProfit Sharing
Employer EIN570314404
Plan Effective Date1956-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Newberry College)

Year Plans Participants Total Assets
2022 1 227 $19M
2023 1 215 $21M
2024 1 222 $22M

Nearby Profit Sharing Plans in South Carolina

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

Frequently Asked Questions

How much money is in the Newberry College DC Retirement Plan?
As of the 2022 Form 5500 filing, Newberry College DC Retirement Plan holds $19M in total assets with 227 participants. It is sponsored by Newberry College.
What type of plan is Newberry College DC Retirement Plan?
Newberry College DC Retirement Plan is a Profit Sharing plan. It has been effective since 1956-09-01. The plan is filed with the U.S. Department of Labor under EIN 570314404.
Who sponsors the Newberry College DC Retirement Plan?
Newberry College DC Retirement Plan is sponsored by Newberry College, located in South Carolina. The sponsor's EIN is 570314404 and the plan operates in the Educational Services industry.
How did Newberry College DC Retirement Plan perform in 2022?
Newberry College DC Retirement Plan declined by 13.5% during 2022, moving from $22M to $19M in total assets. Net income was $-2,896,269.
Where can I find official filings for Newberry College DC Retirement Plan?
Official Form 5500 filings for Newberry College DC Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 570314404 or plan name at efast.dol.gov.
How does Newberry College DC Retirement Plan compare to other plans?
You can compare Newberry College DC Retirement Plan against other Profit Sharing plans on the plan type page, or view plans in South Carolina 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 570314404.

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.