LYNCHBURG COMMUNITY ACTION GROUP, INC. 401(K) PROFIT SHARING PLAN
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
LYNCHBURG COMMUNITY ACTION GROUP, INC.
This Profit Sharing plan holds $2M in total assets and serves 102 participants as of 2022. It is sponsored by LYNCHBURG COMMUNITY ACTION GROUP, INC. in Virginia. The plan reported a net loss of $386K for the year.
What the Filing Says About LYNCHBURG COMMUNITY ACTION GROUP, INC. 401(K) PROFIT SHARING PLAN
LYNCHBURG COMMUNITY ACTION GROUP, INC. 401(K) PROFIT SHARING PLAN is a Profit Sharing retirement plan sponsored by LYNCHBURG COMMUNITY ACTION GROUP, INC., headquartered in Virginia. As of the 2022 Form 5500 filing, the plan reports $2M in total end-of-year assets and covers 102 participants across the Other Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 540797340, and the plan has been effective since 2002-01-01. 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 17.3%. Net assets (after liabilities) closed the year at $2M, with reported net income of $-386,279 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.
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 | $-386,279 |
| Plan Type | Profit Sharing |
| Employer EIN | 540797340 |
| Plan Effective Date | 2002-01-01 |
| Filing Status | FILING RECEIVED |
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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 540797340.
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.
Read our methodology — how this data is sourced, computed, and verified.