Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Claflin University Tda Plan

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

Sponsored by Claflin University ยท South Carolina ยท Educational Services

What the 2023 filing shows

Claflin University Tda Plan holds $6M for 84 participants - about $65,919 per participant, down 9.7% over the 2022 plan year.

$6M
total plan assets (2022 EOY)
84
covered participants
$65,919
avg assets per participant
-9.7%
assets change YoY

The plan reported a net loss of $594K for the year โ€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$6M
Participants
84
Industry
Educational Services

What the Filing Says About Claflin University Tda Plan

Claflin University Tda Plan is a Profit Sharing retirement plan sponsored by Claflin University, headquartered in South Carolina. As of the 2022 Form 5500 filing, the plan reports $6M in total end-of-year assets and covers 84 participants across the Educational Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 570314374, and the plan has been effective since 1968-10-16. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $6M at the beginning of 2022 to $6M at year-end โ€” a decline of 9.7%. Net assets (after liabilities) closed the year at $6M, with reported net income of $-594,204 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 โ€” 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)$6M
Total Assets (End of Year)$6M
Net Assets (End of Year)$6M
Net Income$-594,204
Plan TypeProfit Sharing
Employer EIN570314374
Plan Effective Date1968-10-16
Filing StatusFILING RECEIVED

Sponsor Plan History (Claflin University)

Year Plans Participants Total Assets
2022 2 355 $31M
2023 2 341 $36M
2024 2 341 $40M

Nearby Profit Sharing Plans in South Carolina

Peer Profit Sharing plans โ€” same state, same plan type โ€” ranked by total assets.

Frequently Asked Questions

How much money is in the Claflin University Tda Plan?
As of the 2022 Form 5500 filing, Claflin University Tda Plan holds $6M in total assets with 84 participants. It is sponsored by Claflin University.
What type of plan is Claflin University Tda Plan?
Claflin University Tda Plan is a Profit Sharing plan. It has been effective since 1968-10-16. The plan is filed with the U.S. Department of Labor under EIN 570314374.
Who sponsors the Claflin University Tda Plan?
Claflin University Tda Plan is sponsored by Claflin University, located in South Carolina. The sponsor's EIN is 570314374 and the plan operates in the Educational Services industry.
How did Claflin University Tda Plan perform in 2022?
Claflin University Tda Plan declined by 9.7% during 2022, moving from $6M to $6M in total assets. Net income was $-594,204.
Where can I find official filings for Claflin University Tda Plan?
Official Form 5500 filings for Claflin University Tda Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 570314374 or plan name at efast.dol.gov.
How does Claflin University Tda Plan compare to other plans?
You can compare Claflin University Tda Plan against other Profit Sharing plans on the plan type page, or view plans in South 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) โ€” original filing retrieval by EIN 570314374.

Reference: IRS Publication 560 โ€” Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B โ€” 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.