Profit Sharing · DOL Form 5500 · 2022
Psalms, Inc. Profit Sharing Plan
Data updated 2026-08-25
- $1M
- Total assets Small plan by assets
- 189
- Participants Below avg headcount
- 29th
- Percentile by assets National rank
- $7,481
- Avg per participant Low balance/head
Official DOL plan name: Psalms, Inc. Retirement Plan · Sponsored by Psalms, Inc. · Tennessee · Healthcare & Social Assistance
$1M in assets, 189 participants
Psalms, Inc.'s Psalms, Inc. Retirement Plan reported $1M in total assets and 189 participants in its 2022 DOL Form 5500 filing, ranking in the 29th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #5,577 in Healthcare & Social Assistance (20,060 peers)
Coverage in Tennessee
Psalms, Inc. Retirement Plan covers 189 participants in Tennessee, about 17% of the average Tennessee filer (state average ~1,126 per filing). Assets: $1M.
- #5,577
- in Healthcare & Social Assistance (20,060 peers)
- -21.1%
- assets change YoY
The plan reported a net loss of $379K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Psalms, Inc. Retirement Plan among the smaller filed plans by assets
Psalms, Inc. Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$1,413,897 29th percentile higher than 29% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Psalms, Inc. Retirement Plan among mid-size filed plans by headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Psalms, Inc. Retirement Plan sits mid-pack in the medium band (189 participants).
Plan-year Form 5500 strip
Filing strip 621106224 · Psalms, Inc. PY 2022 · Profit Sharing
Psalms, Inc. Retirement Plan · $1M · 189 · 29th
- TYPE $1M
- NET 189
- BOOK 29th
- VS-ST Profit Sharing
- BOY near Summit Trust
- SCH ind #5577
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Healthcare & Social Assistance retirement plans → · Plans in Tennessee →
Psalms, Inc. Retirement Plan in the asset neighbourhood
Tennessee filing particulars
| Total Assets (Beginning of Year) | $2M |
|---|---|
| Net Assets (End of Year) | $1M |
| Net Income | -$379K |
| Employer EIN | 621106224 |
| Plan Effective Date | 1993-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Psalms, Inc.)
Sponsor-wide plan assets over time
All Psalms, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $2M 15.14113121394274% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 189 | $1M |
| 2023 | 1 | 187 | $2M |
| 2024 | 1 | 182 | $2M |
Nearby Profit Sharing Plans in Tennessee
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
- Ballad Health 401(a) Plan $463M · 5,937
- Shreveport Electrical Industry Profit Sharing Plan $77M · 740
- New Orleans Electrical Annuity Plan $66M · 1,451
- Ulps Employee Savings Plan $54M · 236
- University School of Nashville Retirement Plan $34M · 209
Psalms, Inc. Retirement Plan's out-of-state Profit Sharing peers by assets and headcount
Outside Tennessee, the nearest Profit Sharing by assets is Summit Trust in OK ($1M); by covered participants it is Moog Louisville Warehouse, Inc. Profit Sharing Plan in KY (189 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1M here).
- Summit Trust (OK) $1M · 2
- Girl Philosopher Inc Profit Sharing Plan (CA) $1M · 3
- Leyda Guzman Sanchez Retirement Plan (PR) $1M · 1
- Peter Crane Md (WY) $1M · 2
Similar participant headcount
Nearest other-state filings by covered participants (189 participants); asset peers above are excluded.
- Moog Louisville Warehouse, Inc. Profit Sharing Plan (KY) 189 · 0 off
- Committee for Children 403(b) Retirement Savings Plan (WA) 189 · 0 off
- Bsa Lifestructures, Inc. 401(k) Plan (IN) 189 · 0 off
- W&l Mail Service, Inc. Retirement Plan (VA) 189 · 0 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.