Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

West Alabama Mental Health Board, Inc. 403(b) Plan

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

Sponsored by West Alabama Mental Health Board, Inc. · Alabama · Healthcare & Social Assistance

What the 2023 filing shows

West Alabama Mental Health Board, Inc. 403(b) Plan holds $2M for 91 participants — about $23,592 per participant, down 12.5% over the 2022 plan year.

$2M
total plan assets (2022 EOY)
91
covered participants
$23,592
avg assets per participant
-12.5%
assets change YoY

The plan reported a net loss of $305K for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$2M
Participants
91
State
Industry
Healthcare & Social Assistance

What the Filing Says About West Alabama Mental Health Board, Inc. 403(b) Plan

West Alabama Mental Health Board, Inc. 403(b) Plan is a Profit Sharing retirement plan sponsored by West Alabama Mental Health Board, Inc., headquartered in Alabama. As of the 2022 Form 5500 filing, the plan reports $2M in total end-of-year assets and covers 91 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 630588645, and the plan has been effective since 2007-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $2M at the beginning of 2022 to $2M at year-end — a decline of 12.5%. Net assets (after liabilities) closed the year at $2M, with reported net income of $-305,343 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)$2M
Total Assets (End of Year)$2M
Net Assets (End of Year)$2M
Net Income$-305,343
Plan TypeProfit Sharing
Employer EIN630588645
Plan Effective Date2007-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (West Alabama Mental Health Board, Inc.)

Year Plans Participants Total Assets
2022 1 91 $2M
2023 1 83 $3M
2024 1 91 $3M

Nearby Profit Sharing Plans in Alabama

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

Frequently Asked Questions

How much money is in the West Alabama Mental Health Board, Inc. 403(b) Plan?
As of the 2022 Form 5500 filing, West Alabama Mental Health Board, Inc. 403(b) Plan holds $2M in total assets with 91 participants. It is sponsored by West Alabama Mental Health Board, Inc..
What type of plan is West Alabama Mental Health Board, Inc. 403(b) Plan?
West Alabama Mental Health Board, Inc. 403(b) 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 630588645.
Who sponsors the West Alabama Mental Health Board, Inc. 403(b) Plan?
West Alabama Mental Health Board, Inc. 403(b) Plan is sponsored by West Alabama Mental Health Board, Inc., located in Alabama. The sponsor's EIN is 630588645 and the plan operates in the Healthcare & Social Assistance industry.
How did West Alabama Mental Health Board, Inc. 403(b) Plan perform in 2022?
West Alabama Mental Health Board, Inc. 403(b) Plan declined by 12.5% during 2022, moving from $2M to $2M in total assets. Net income was $-305,343.
Where can I find official filings for West Alabama Mental Health Board, Inc. 403(b) Plan?
Official Form 5500 filings for West Alabama Mental Health Board, Inc. 403(b) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 630588645 or plan name at efast.dol.gov.
How does West Alabama Mental Health Board, Inc. 403(b) Plan compare to other plans?
You can compare West Alabama Mental Health Board, Inc. 403(b) Plan against other Profit Sharing plans on the plan type page, or view plans in Alabama 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 630588645.

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.