ESOP
2022 plan-year ESOP DOL Form 5500

Goodwill Industries of Northwest North Carolina, Inc Money Purchase Plan

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

Sponsored by Goodwill Ind. of Nw Nc, Inc. · North Carolina · Other Services

What the 2023 filing shows

Goodwill Industries of Northwest North Carolina, Inc Money Purchase Plan holds $17M for 1,145 participants — about $15,260 per participant, down 17.2% over the 2022 plan year.

$17M
total plan assets (2022 EOY)
1,145
covered participants
$15,260
avg assets per participant
-17.2%
assets change YoY

The plan reported a net loss of $4M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$17M
Participants
1,145
Industry
Other Services

What the Filing Says About Goodwill Industries of Northwest North Carolina, Inc Money Purchase Plan

Goodwill Industries of Northwest North Carolina, Inc Money Purchase Plan is a ESOP retirement plan sponsored by Goodwill Ind. of Nw Nc, Inc., headquartered in North Carolina. As of the 2022 Form 5500 filing, the plan reports $17M in total end-of-year assets and covers 1,145 participants across the Other Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 560588474, and the plan has been effective since 1990-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $21M at the beginning of 2022 to $17M at year-end — a decline of 17.2%. Net assets (after liabilities) closed the year at $17M, with reported net income of $-3,620,685 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)$21M
Total Assets (End of Year)$17M
Net Assets (End of Year)$17M
Net Income$-3,620,685
Plan TypeESOP
Employer EIN560588474
Plan Effective Date1990-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Goodwill Ind. of Nw Nc, Inc.)

Year Plans Participants Total Assets
2022 2 2,565 $20M
2023 2 2,154 $23M
2024 2 1,747 $25M

Nearby ESOP Plans in North Carolina

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

Frequently Asked Questions

How much money is in the Goodwill Industries of Northwest North Carolina, Inc Money Purchase Plan?
As of the 2022 Form 5500 filing, Goodwill Industries of Northwest North Carolina, Inc Money Purchase Plan holds $17M in total assets with 1,145 participants. It is sponsored by Goodwill Ind. of Nw Nc, Inc..
What type of plan is Goodwill Industries of Northwest North Carolina, Inc Money Purchase Plan?
Goodwill Industries of Northwest North Carolina, Inc Money Purchase Plan is a ESOP plan. It has been effective since 1990-01-01. The plan is filed with the U.S. Department of Labor under EIN 560588474.
Who sponsors the Goodwill Industries of Northwest North Carolina, Inc Money Purchase Plan?
Goodwill Industries of Northwest North Carolina, Inc Money Purchase Plan is sponsored by Goodwill Ind. of Nw Nc, Inc., located in North Carolina. The sponsor's EIN is 560588474 and the plan operates in the Other Services industry.
How did Goodwill Industries of Northwest North Carolina, Inc Money Purchase Plan perform in 2022?
Goodwill Industries of Northwest North Carolina, Inc Money Purchase Plan declined by 17.2% during 2022, moving from $21M to $17M in total assets. Net income was $-3,620,685.
Where can I find official filings for Goodwill Industries of Northwest North Carolina, Inc Money Purchase Plan?
Official Form 5500 filings for Goodwill Industries of Northwest North Carolina, Inc Money Purchase Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 560588474 or plan name at efast.dol.gov.
How does Goodwill Industries of Northwest North Carolina, Inc Money Purchase Plan compare to other plans?
You can compare Goodwill Industries of Northwest North Carolina, Inc Money Purchase Plan against other ESOP plans on the plan type page, or view plans in North 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 560588474.

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.