401(k) · DOL Form 5500 · 2022

Nicholas Financial Inc 401(k) Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
224
Participants Below avg headcount
48th
Percentile by assets National rank
$19,714
Avg per participant Low balance/head
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Official DOL plan name: Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust · Sponsored by Nicholas Financial Inc · Florida · Finance & Insurance

$4M in assets, 224 participants

Nicholas Financial Inc's Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust reported $4M in total assets and 224 participants in its 2022 DOL Form 5500 filing, ranking in the 48th 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.

  • #3,078 in Finance & Insurance (9,261 peers)

Coverage in Florida

Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust covers 224 participants in Florida, about 36% of the average Florida filer (state average ~628 per filing). Assets: $4M.

#3,078
in Finance & Insurance (9,261 peers)
-30.8%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust's mid-pack asset rank among Finance & Insurance and all filers

Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust vs every filed plan by assets

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

$4,415,977 48th percentile higher than 48% 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

Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust sits mid-pack in the medium band (224 participants).

DOL schedule card

Filing strip 593019317 · Nicholas Financial Inc PY 2022 · 401(k)

Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust · $4M · 224 · 48th

  • PART $4M
  • PART 224
  • PART 48th
  • PART 401(k)
  • PART near Bauer Welding & Metal Fabricators, Inc. 401(k) Plan
  • PART ind #3078

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 Finance & Insurance retirement plans → · Plans in Florida →

Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust in the asset neighbourhood

Nicholas Financial Inc 401(k) Profit Sharing Plan & TrustNicholas Financial Inc 401(k…$4MBauer Welding & Metal Fabricators, Inc. 401(k) PlanBauer Welding & Metal Fabric…$4MArcxis 401(k) Plan$4MPrime Digital 401(k) Plan$4MMms Motorsports, LLC 401(k) Profit Sharing Plan & TrustMms Motorsports, LLC 401(k) …$4M
End-of-year total assets ($M) among Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Florida filing particulars

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$4M
Net Income-$2M
Employer EIN593019317
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Nicholas Financial Inc)

Sponsor-wide plan assets over time

All Nicholas Financial Inc plans reported in each filing year

Latest sponsor-wide plan assets
$4M 18.44219297337826% vs 2022
2023 filing year
$3.5M$4M$4.5M$5M 20222023 $4.42M $3.6M ▼ -18.6%
Year Plans Participants Total Assets
2022 1 224 $4M
2023 1 41 $4M

Nearby 401(k) Plans in Florida

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Florida, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -5051015 Total assets ($B) Participants Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.004415977 · Participants: 224Nicholas Financial Inc 401(k) Profit Sharing Plan & TrustL3harris Retirement Savings Plan, Total assets ($B): 12.863481581 · Participants: 41096L3harris Retirement Savings PlanSavings Plan for Employees and Partners of Pricewatercoopers LLP, Total assets ($B): 9.121428518 · Participants: 50354Savings Plan for Employees and Partners of Pricewatercoopers LLPAdp Totalsource Retirement Savings Plan, Total assets ($B): 6.687694478 · Participants: 287453Adp Totalsource Retirement Savings PlanPublix Super Markets, Inc. 401(k) Smart Plan, Total assets ($B): 6.05990007 · Participants: 176752Publix Super Markets, Inc. 401(k) Smart PlanNextera Energy, Inc. Employee Retirement Savings Plan, Total assets ($B): 5.44531949 · Participants: 14889Nextera Energy, Inc. Employee Retirement Savings Plan
Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Florida, assets vs. participants
Compare Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust side-by-side with 3 peers →

Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust's out-of-state 401(k) peers by assets and headcount

Outside Florida, the nearest 401(k) by assets is Bauer Welding & Metal Fabricators, Inc. 401(k) Plan in MN ($4M); by covered participants it is The Bell Company, LLC 401(k) Plan in PA (224 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($4M here).

Similar participant headcount

Nearest other-state filings by covered participants (224 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 Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust assets move in 2022? ▼
Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust contracted severely - down 30.8% during 2022, from $6M to $4M. Reported net income was -$2M.
How have Nicholas Financial Inc plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Nicholas Financial Inc's sponsor-wide assets declined 18.4%, from $4M to $4M.
Which 401(k) plans are similar in size to Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by assets is Bauer Welding & Metal Fabricators, Inc. 401(k) Plan in MN ($4M, 70 participants).
Which 401(k) plans cover a similar participant headcount to Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is The Bell Company, LLC 401(k) Plan in PA (224 participants, N/A 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 593019317.

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.