Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

403(b) Thrift Plan for Employees of Hoffman Homes, Inc.

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

Sponsored by Hoffman Homes, Inc. · Pennsylvania · Healthcare & Social Assistance

What the 2023 filing shows

403(b) Thrift Plan for Employees of Hoffman Homes, Inc. holds $2M for 164 participants — about $12,298 per participant, down 29.5% over the 2022 plan year.

$2M
total plan assets (2022 EOY)
164
covered participants
$12,298
avg assets per participant
-29.5%
assets change YoY

The plan reported a net loss of $846K for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$2M
Participants
164
State
Industry
Healthcare & Social Assistance

What the Filing Says About 403(b) Thrift Plan for Employees of Hoffman Homes, Inc.

403(b) Thrift Plan for Employees of Hoffman Homes, Inc. is a Profit Sharing retirement plan sponsored by Hoffman Homes, Inc., headquartered in Pennsylvania. As of the 2022 Form 5500 filing, the plan reports $2M in total end-of-year assets and covers 164 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 232732296, and the plan has been effective since 2003-08-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $3M at the beginning of 2022 to $2M at year-end — a decline of 29.5%. Net assets (after liabilities) closed the year at $2M, with reported net income of $-845,741 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)$3M
Total Assets (End of Year)$2M
Net Assets (End of Year)$2M
Net Income$-845,741
Plan TypeProfit Sharing
Employer EIN232732296
Plan Effective Date2003-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hoffman Homes, Inc.)

Year Plans Participants Total Assets
2022 2 185 $8M
2023 2 180 $2M
2024 1 178 $3M

Nearby Profit Sharing Plans in Pennsylvania

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

Frequently Asked Questions

How much money is in the 403(b) Thrift Plan for Employees of Hoffman Homes, Inc.?
As of the 2022 Form 5500 filing, 403(b) Thrift Plan for Employees of Hoffman Homes, Inc. holds $2M in total assets with 164 participants. It is sponsored by Hoffman Homes, Inc..
What type of plan is 403(b) Thrift Plan for Employees of Hoffman Homes, Inc.?
403(b) Thrift Plan for Employees of Hoffman Homes, Inc. is a Profit Sharing plan. It has been effective since 2003-08-01. The plan is filed with the U.S. Department of Labor under EIN 232732296.
Who sponsors the 403(b) Thrift Plan for Employees of Hoffman Homes, Inc.?
403(b) Thrift Plan for Employees of Hoffman Homes, Inc. is sponsored by Hoffman Homes, Inc., located in Pennsylvania. The sponsor's EIN is 232732296 and the plan operates in the Healthcare & Social Assistance industry.
How did 403(b) Thrift Plan for Employees of Hoffman Homes, Inc. perform in 2022?
403(b) Thrift Plan for Employees of Hoffman Homes, Inc. declined by 29.5% during 2022, moving from $3M to $2M in total assets. Net income was $-845,741.
Where can I find official filings for 403(b) Thrift Plan for Employees of Hoffman Homes, Inc.?
Official Form 5500 filings for 403(b) Thrift Plan for Employees of Hoffman Homes, Inc. are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 232732296 or plan name at efast.dol.gov.
How does 403(b) Thrift Plan for Employees of Hoffman Homes, Inc. compare to other plans?
You can compare 403(b) Thrift Plan for Employees of Hoffman Homes, Inc. against other Profit Sharing plans on the plan type page, or view plans in Pennsylvania 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 232732296.

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.