THE WORLD GROUP SAVINGS AND INVESTMENT PLAN
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
WORLD SHIPPING, INC.
This Profit Sharing plan holds $47M in total assets and serves 821 participants as of 2022. It is sponsored by WORLD SHIPPING, INC. in Ohio. The plan reported a net loss of $5M for the year.
What the Filing Says About THE WORLD GROUP SAVINGS AND INVESTMENT PLAN
THE WORLD GROUP SAVINGS AND INVESTMENT PLAN is a Profit Sharing retirement plan sponsored by WORLD SHIPPING, INC., headquartered in Ohio. As of the 2022 Form 5500 filing, the plan reports $47M in total end-of-year assets and covers 821 participants across the Transportation & Warehousing industry. The sponsor's EIN on file with the U.S. Department of Labor is 340895033, and the plan has been effective since 1981-01-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $52M at the beginning of 2022 to $47M at year-end — a decline of 10.0%. Net assets (after liabilities) closed the year at $47M, with reported net income of $-5,165,692 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.
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) | $52M |
| Total Assets (End of Year) | $47M |
| Net Assets (End of Year) | $47M |
| Net Income | $-5,165,692 |
| Plan Type | Profit Sharing |
| Employer EIN | 340895033 |
| Plan Effective Date | 1981-01-01 |
| Filing Status | FILING RECEIVED |
Nearby Profit Sharing Plans in Ohio
Peer Profit Sharing plans — same state, same plan type — ranked by total assets.
- NATIONWIDE SAVINGS PLAN $7.6B · 24,715
- CLEVELAND CLINIC SAVINGS AND INVESTMENT PLAN $7.5B · 54,690
- THE PROCTER & GAMBLE SAVINGS PLAN $5.1B · 28,627
- OHIOHEALTH RETIREMENT SAVINGS PLAN 403(B) $2.3B · 28,604
- FACULTY AND KEY ADMINISTRATIVE EMPLOYEE'S RETIREMENT PLAN A $2.0B · 1,840
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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 340895033.
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.
Read our methodology — how this data is sourced, computed, and verified.