Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

The South County Hospital 403(b) Retirement Plan

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

Sponsored by South County Hospital Β· Rhode Island Β· Healthcare & Social Assistance

What the 2023 filing shows

The South County Hospital 403(b) Retirement Plan holds $88M for 1,446 participants - about $60,934 per participant, down 13.1% over the 2022 plan year.

$88M
total plan assets (2022 EOY)
1,446
covered participants
$60,934
avg assets per participant
-13.1%
assets change YoY

The plan reported a net loss of $13M for the year β€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$88M
Participants
1,446
State
Industry
Healthcare & Social Assistance

What the Filing Says About The South County Hospital 403(b) Retirement Plan

The South County Hospital 403(b) Retirement Plan is a Profit Sharing retirement plan sponsored by South County Hospital, headquartered in Rhode Island. As of the 2022 Form 5500 filing, the plan reports $88M in total end-of-year assets and covers 1,446 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 050445136, and the plan has been effective since 2004-11-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $101M at the beginning of 2022 to $88M at year-end β€” a decline of 13.1%. Net assets (after liabilities) closed the year at $88M, with reported net income of $-13,321,794 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 1 prior plan-year filing 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 β€” 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)$101M
Total Assets (End of Year)$88M
Net Assets (End of Year)$88M
Net Income$-13,321,794
Plan TypeProfit Sharing
Employer EIN050445136
Plan Effective Date2004-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (South County Hospital)

Year Plans Participants Total Assets
2022 2 1,591 $135M
2023 2 1,607 $155M

Nearby Profit Sharing Plans in Rhode Island

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

Frequently Asked Questions

How much money is in the The South County Hospital 403(b) Retirement Plan?
As of the 2022 Form 5500 filing, The South County Hospital 403(b) Retirement Plan holds $88M in total assets with 1,446 participants. It is sponsored by South County Hospital.
What type of plan is The South County Hospital 403(b) Retirement Plan?
The South County Hospital 403(b) Retirement Plan is a Profit Sharing plan. It has been effective since 2004-11-01. The plan is filed with the U.S. Department of Labor under EIN 050445136.
Who sponsors the The South County Hospital 403(b) Retirement Plan?
The South County Hospital 403(b) Retirement Plan is sponsored by South County Hospital, located in Rhode Island. The sponsor's EIN is 050445136 and the plan operates in the Healthcare & Social Assistance industry.
How did The South County Hospital 403(b) Retirement Plan perform in 2022?
The South County Hospital 403(b) Retirement Plan declined by 13.1% during 2022, moving from $101M to $88M in total assets. Net income was $-13,321,794.
Where can I find official filings for The South County Hospital 403(b) Retirement Plan?
Official Form 5500 filings for The South County Hospital 403(b) Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 050445136 or plan name at efast.dol.gov.
How does The South County Hospital 403(b) Retirement Plan compare to other plans?
You can compare The South County Hospital 403(b) Retirement Plan against other Profit Sharing plans on the plan type page, or view plans in Rhode Island 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) β€” original filing retrieval by EIN 050445136.

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

Reference: IRS Publication 590-B β€” 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.