Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

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.

Total Assets (2023)
$2M
Participants
102
State
Industry
Other Services

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 TypeProfit Sharing
Employer EIN540797340
Plan Effective Date2002-01-01
Filing StatusFILING RECEIVED

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Frequently Asked Questions

How much money is in the LYNCHBURG COMMUNITY ACTION GROUP, INC. 401(K) PROFIT SHARING PLAN?
As of the 2022 Form 5500 filing, LYNCHBURG COMMUNITY ACTION GROUP, INC. 401(K) PROFIT SHARING PLAN holds $2M in total assets with 102 participants. It is sponsored by LYNCHBURG COMMUNITY ACTION GROUP, INC..
What type of plan is LYNCHBURG COMMUNITY ACTION GROUP, INC. 401(K) PROFIT SHARING PLAN?
LYNCHBURG COMMUNITY ACTION GROUP, INC. 401(K) PROFIT SHARING PLAN is a Profit Sharing plan. It has been effective since 2002-01-01. The plan is filed with the U.S. Department of Labor under EIN 540797340.
Who sponsors the LYNCHBURG COMMUNITY ACTION GROUP, INC. 401(K) PROFIT SHARING PLAN?
LYNCHBURG COMMUNITY ACTION GROUP, INC. 401(K) PROFIT SHARING PLAN is sponsored by LYNCHBURG COMMUNITY ACTION GROUP, INC., located in Virginia. The sponsor's EIN is 540797340 and the plan operates in the Other Services industry.
How did LYNCHBURG COMMUNITY ACTION GROUP, INC. 401(K) PROFIT SHARING PLAN perform in 2022?
LYNCHBURG COMMUNITY ACTION GROUP, INC. 401(K) PROFIT SHARING PLAN declined by 17.3% during 2022, moving from $2M to $2M in total assets. Net income was $-386,279.
Where can I find official filings for LYNCHBURG COMMUNITY ACTION GROUP, INC. 401(K) PROFIT SHARING PLAN?
Official Form 5500 filings for LYNCHBURG COMMUNITY ACTION GROUP, INC. 401(K) PROFIT SHARING PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 540797340 or plan name at efast.dol.gov.
How does LYNCHBURG COMMUNITY ACTION GROUP, INC. 401(K) PROFIT SHARING PLAN compare to other plans?
You can compare LYNCHBURG COMMUNITY ACTION GROUP, INC. 401(K) PROFIT SHARING PLAN against other Profit Sharing plans on the plan type page, or view plans in Virginia on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

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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.

Data sourced from official public datasets. See our methodology for details.