Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Food Bank of Central & Eastern North Carolina, Inc. 403(b) Plan

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

Sponsored by Food Bank of Central & Eastern North Carolina, Inc · North Carolina · Other Services

What the 2023 filing shows

Food Bank of Central & Eastern North Carolina, Inc. 403(b) Plan holds $6M for 58 participants — about $97,501 per participant, down 22.9% over the 2022 plan year.

$6M
total plan assets (2022 EOY)
58
covered participants
$97,501
avg assets per participant
-22.9%
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.

Total Assets (2023)
$6M
Participants
58
Industry
Other Services

What the Filing Says About Food Bank of Central & Eastern North Carolina, Inc. 403(b) Plan

Food Bank of Central & Eastern North Carolina, Inc. 403(b) Plan is a Profit Sharing retirement plan sponsored by Food Bank of Central & Eastern North Carolina, Inc, headquartered in North Carolina. As of the 2022 Form 5500 filing, the plan reports $6M in total end-of-year assets and covers 58 participants across the Other Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 561283426, and the plan has been effective since 1990-02-23. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $7M at the beginning of 2022 to $6M at year-end — a decline of 22.9%. Net assets (after liabilities) closed the year at $6M, with reported net income of $-1,683,323 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)$7M
Total Assets (End of Year)$6M
Net Assets (End of Year)$6M
Net Income$-1,683,323
Plan TypeProfit Sharing
Employer EIN561283426
Plan Effective Date1990-02-23
Filing StatusFILING RECEIVED

Sponsor Plan History (Food Bank of Central & Eastern North Carolina, Inc)

Year Plans Participants Total Assets
2022 1 58 $6M
2023 1 48 $7M
2024 1 141 $3M

Nearby Profit Sharing Plans in North Carolina

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

Frequently Asked Questions

How much money is in the Food Bank of Central & Eastern North Carolina, Inc. 403(b) Plan?
As of the 2022 Form 5500 filing, Food Bank of Central & Eastern North Carolina, Inc. 403(b) Plan holds $6M in total assets with 58 participants. It is sponsored by Food Bank of Central & Eastern North Carolina, Inc.
What type of plan is Food Bank of Central & Eastern North Carolina, Inc. 403(b) Plan?
Food Bank of Central & Eastern North Carolina, Inc. 403(b) Plan is a Profit Sharing plan. It has been effective since 1990-02-23. The plan is filed with the U.S. Department of Labor under EIN 561283426.
Who sponsors the Food Bank of Central & Eastern North Carolina, Inc. 403(b) Plan?
Food Bank of Central & Eastern North Carolina, Inc. 403(b) Plan is sponsored by Food Bank of Central & Eastern North Carolina, Inc, located in North Carolina. The sponsor's EIN is 561283426 and the plan operates in the Other Services industry.
How did Food Bank of Central & Eastern North Carolina, Inc. 403(b) Plan perform in 2022?
Food Bank of Central & Eastern North Carolina, Inc. 403(b) Plan declined by 22.9% during 2022, moving from $7M to $6M in total assets. Net income was $-1,683,323.
Where can I find official filings for Food Bank of Central & Eastern North Carolina, Inc. 403(b) Plan?
Official Form 5500 filings for Food Bank of Central & Eastern North Carolina, Inc. 403(b) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 561283426 or plan name at efast.dol.gov.
How does Food Bank of Central & Eastern North Carolina, Inc. 403(b) Plan compare to other plans?
You can compare Food Bank of Central & Eastern North Carolina, Inc. 403(b) Plan against other Profit Sharing 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 561283426.

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.