401(k)
2022 plan-year 401(k) DOL Form 5500

West Texas Opportunities, Inc. Profit Sharing Plan

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

Sponsored by West Texas Opportunities, Inc. · Texas · Healthcare & Social Assistance

What the 2023 filing shows

West Texas Opportunities, Inc. Profit Sharing Plan holds $3M for 199 participants — about $17,451 per participant, down 20.7% over the 2022 plan year.

$3M
total plan assets (2022 EOY)
199
covered participants
$17,451
avg assets per participant
-20.7%
assets change YoY

The plan reported a net loss of $906K for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$3M
Participants
199
State
Industry
Healthcare & Social Assistance

What the Filing Says About West Texas Opportunities, Inc. Profit Sharing Plan

West Texas Opportunities, Inc. Profit Sharing Plan is a 401(k) retirement plan sponsored by West Texas Opportunities, Inc., headquartered in Texas. As of the 2022 Form 5500 filing, the plan reports $3M in total end-of-year assets and covers 199 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 751226644, and the plan has been effective since 1984-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $4M at the beginning of 2022 to $3M at year-end — a decline of 20.7%. Net assets (after liabilities) closed the year at $3M, with reported net income of $-906,074 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)$4M
Total Assets (End of Year)$3M
Net Assets (End of Year)$3M
Net Income$-906,074
Plan Type401(k)
Employer EIN751226644
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (West Texas Opportunities, Inc.)

Year Plans Participants Total Assets
2022 1 199 $3M
2023 1 201 $4M
2024 1 176 $5M

Nearby 401(k) Plans in Texas

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

Frequently Asked Questions

How much money is in the West Texas Opportunities, Inc. Profit Sharing Plan?
As of the 2022 Form 5500 filing, West Texas Opportunities, Inc. Profit Sharing Plan holds $3M in total assets with 199 participants. It is sponsored by West Texas Opportunities, Inc..
What type of plan is West Texas Opportunities, Inc. Profit Sharing Plan?
West Texas Opportunities, Inc. Profit Sharing Plan is a 401(k) plan. It has been effective since 1984-01-01. The plan is filed with the U.S. Department of Labor under EIN 751226644.
Who sponsors the West Texas Opportunities, Inc. Profit Sharing Plan?
West Texas Opportunities, Inc. Profit Sharing Plan is sponsored by West Texas Opportunities, Inc., located in Texas. The sponsor's EIN is 751226644 and the plan operates in the Healthcare & Social Assistance industry.
How did West Texas Opportunities, Inc. Profit Sharing Plan perform in 2022?
West Texas Opportunities, Inc. Profit Sharing Plan declined by 20.7% during 2022, moving from $4M to $3M in total assets. Net income was $-906,074.
Where can I find official filings for West Texas Opportunities, Inc. Profit Sharing Plan?
Official Form 5500 filings for West Texas Opportunities, Inc. Profit Sharing Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 751226644 or plan name at efast.dol.gov.
How does West Texas Opportunities, Inc. Profit Sharing Plan compare to other plans?
You can compare West Texas Opportunities, Inc. Profit Sharing Plan against other 401(k) plans on the plan type page, or view plans in Texas 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 751226644.

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.