Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Covenant House Savings and Retirement Plan

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

Sponsored by Covenant House · New York · Healthcare & Social Assistance

What the 2023 filing shows

Covenant House Savings and Retirement Plan holds $48M for 1,481 participants — about $32,679 per participant, down 13.2% over the 2022 plan year.

$48M
total plan assets (2022 EOY)
1,481
covered participants
$32,679
avg assets per participant
-13.2%
assets change YoY

The plan reported a net loss of $7M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$48M
Participants
1,481
State
Industry
Healthcare & Social Assistance

What the Filing Says About Covenant House Savings and Retirement Plan

Covenant House Savings and Retirement Plan is a Profit Sharing retirement plan sponsored by Covenant House, headquartered in New York. As of the 2022 Form 5500 filing, the plan reports $48M in total end-of-year assets and covers 1,481 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 132725416, and the plan has been effective since 2007-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $56M at the beginning of 2022 to $48M at year-end — a decline of 13.2%. Net assets (after liabilities) closed the year at $48M, with reported net income of $-7,387,300 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)$56M
Total Assets (End of Year)$48M
Net Assets (End of Year)$48M
Net Income$-7,387,300
Plan TypeProfit Sharing
Employer EIN132725416
Plan Effective Date2007-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Covenant House)

Year Plans Participants Total Assets
2022 2 1,589 $77M
2023 2 1,532 $89M
2024 1 1,515 $63M

Nearby Profit Sharing Plans in New York

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Frequently Asked Questions

How much money is in the Covenant House Savings and Retirement Plan?
As of the 2022 Form 5500 filing, Covenant House Savings and Retirement Plan holds $48M in total assets with 1,481 participants. It is sponsored by Covenant House.
What type of plan is Covenant House Savings and Retirement Plan?
Covenant House Savings and Retirement Plan is a Profit Sharing plan. It has been effective since 2007-01-01. The plan is filed with the U.S. Department of Labor under EIN 132725416.
Who sponsors the Covenant House Savings and Retirement Plan?
Covenant House Savings and Retirement Plan is sponsored by Covenant House, located in New York. The sponsor's EIN is 132725416 and the plan operates in the Healthcare & Social Assistance industry.
How did Covenant House Savings and Retirement Plan perform in 2022?
Covenant House Savings and Retirement Plan declined by 13.2% during 2022, moving from $56M to $48M in total assets. Net income was $-7,387,300.
Where can I find official filings for Covenant House Savings and Retirement Plan?
Official Form 5500 filings for Covenant House Savings and Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 132725416 or plan name at efast.dol.gov.
How does Covenant House Savings and Retirement Plan compare to other plans?
You can compare Covenant House Savings and Retirement Plan against other Profit Sharing plans on the plan type page, or view plans in New York 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 132725416.

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.