401(k) · DOL Form 5500 · 2022

Mars Hill University 401(k) Plan

Data updated 2026-08-25

$36M
Total assets Below avg plan size
250
Participants Below avg headcount
85th
Percentile by assets National rank
$144,281
Avg per participant Near avg balance/head
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Official DOL plan name: Mars Hill University Defined Contribution Retirement Plan · Sponsored by Mars Hill University · North Carolina · Educational Services

$36M in assets, 250 participants

Mars Hill University's Mars Hill University Defined Contribution Retirement Plan reported $36M in total assets and 250 participants in its 2022 DOL Form 5500 filing, ranking in the 85th 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.

  • #2,897 in Educational Services (4,024 peers)

Coverage in North Carolina

Mars Hill University Defined Contribution Retirement Plan covers 250 participants in North Carolina, about 31% of the average North Carolina filer (state average ~819 per filing). Assets: $36M.

#2,897
in Educational Services (4,024 peers)
-15.5%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $7M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Mars Hill University Defined Contribution Retirement Plan's outsized position by total assets

Mars Hill University Defined Contribution Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$36,070,146 Top 15% higher than 85% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Mars Hill University Defined Contribution 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. Mars Hill University Defined Contribution Retirement Plan sits mid-pack in the medium band (250 participants).

Plan-year Form 5500 strip

Filing strip 560554207 · Mars Hill University PY 2022 · 401(k)

Mars Hill University Defined Contribution Retirement Plan · $36M · 250 · 85th

  • VS-ST $36M
  • BOY 250
  • SCH 85th
  • EBSA 401(k)
  • PART near Transcendia, Inc. 401(k) and Profit Sharing Plan
  • TYPE ind #2897

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 Educational Services retirement plans → · Plans in North Carolina →

Mars Hill University Defined Contribution Retirement Plan in the asset neighbourhood

Mars Hill University Defined Contribution Retirement PlanMars Hill University Defined…$36MTranscendia, Inc. 401(k) and Profit Sharing PlanTranscendia, Inc. 401(k) and…$36MPrimary Care Partners, Inc. 401(k) Profit Sharing PlanPrimary Care Partners, Inc. …$36MFirst Bank Chicago Retirement PlanFirst Bank Chicago Retiremen…$36MInap Holdings 401(k) Savings PlanInap Holdings 401(k) Savings…$36M
End-of-year total assets ($M) among Mars Hill University Defined Contribution Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

North Carolina filing particulars

Total Assets (Beginning of Year)$43M
Net Assets (End of Year)$36M
Net Income-$7M
Employer EIN560554207
Plan Effective Date1975-12-05
Filing StatusFILING RECEIVED

Sponsor Plan History (Mars Hill University)

Sponsor-wide plan assets over time

All Mars Hill University plans reported in each filing year

Latest sponsor-wide plan assets
$41M 14.136180651999577% vs 2022
2024 filing year
$34M$36M$38M$40M$42M 202220232024 $36.1M $41.2M ▲ +14.1%
Year Plans Participants Total Assets
2022 1 250 $36M
2023 1 242 $38M
2024 1 251 $41M

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Mars Hill University Defined Contribution Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -200204060 Total assets ($B) Participants Mars Hill University Defined Contribution Retirement Plan, Total assets ($B): 0.036070146 · Participants: 250Mars Hill University Defined Contribution Retirement PlanThe Bank of America 401(k) Plan, Total assets ($B): 47.134026012 · Participants: 169036The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 14.565715066 · Participants: 39007Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 9.364902 · Participants: 27731Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 8.965353965 · Participants: 51871Truist Financial Corporation 401(k) Savings PlanLowes 401(k) Plan, Total assets ($B): 7.355936526 · Participants: 284864Lowes 401(k) Plan
Mars Hill University Defined Contribution Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Mars Hill University Defined Contribution Retirement Plan side-by-side with 3 peers →

Mars Hill University Defined Contribution Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Transcendia, Inc. 401(k) and Profit Sharing Plan in IL ($36M); by covered participants it is Linode LLC 401(k) Profit Sharing Plan in PA (250 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (250 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Mars Hill University Defined Contribution Retirement Plan assets move in 2022? ▼
Mars Hill University Defined Contribution Retirement Plan declined sharply - down 15.5% during 2022, from $43M to $36M. Reported net income was -$7M.
How have Mars Hill University plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mars Hill University's sponsor-wide assets grew 14.1%, from $36M to $41M.
Where does Mars Hill University Defined Contribution Retirement Plan rank by assets among Form 5500 filers? ▼
Mars Hill University Defined Contribution Retirement Plan ranks in the 85th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Mars Hill University Defined Contribution Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Transcendia, Inc. 401(k) and Profit Sharing Plan in IL ($36M, 590 participants).
Which 401(k) plans cover a similar participant headcount to Mars Hill University Defined Contribution Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Linode LLC 401(k) Profit Sharing Plan in PA (250 participants, N/A in assets).

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 560554207.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.