Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Springfield College Defined Contribution Retirement Plan

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

Sponsored by Springfield College · Massachusetts · Educational Services

What the 2023 filing shows

Springfield College Defined Contribution Retirement Plan holds $213M for 1,147 participants — about $185,574 per participant, down 14.1% over the 2022 plan year.

$213M
total plan assets (2022 EOY)
1,147
covered participants
$185,574
avg assets per participant
-14.1%
assets change YoY

The plan reported a net loss of $35M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$213M
Participants
1,147
Industry
Educational Services

What the Filing Says About Springfield College Defined Contribution Retirement Plan

Springfield College Defined Contribution Retirement Plan is a Profit Sharing retirement plan sponsored by Springfield College, headquartered in Massachusetts. As of the 2022 Form 5500 filing, the plan reports $213M in total end-of-year assets and covers 1,147 participants across the Educational Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 042104329, and the plan has been effective since 1950-06-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $248M at the beginning of 2022 to $213M at year-end — a decline of 14.1%. Net assets (after liabilities) closed the year at $213M, with reported net income of $-34,852,665 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)$248M
Total Assets (End of Year)$213M
Net Assets (End of Year)$213M
Net Income$-34,852,665
Plan TypeProfit Sharing
Employer EIN042104329
Plan Effective Date1950-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Springfield College)

Year Plans Participants Total Assets
2022 1 1,147 $213M
2023 1 1,102 $233M
2024 1 1,093 $246M

Nearby Profit Sharing Plans in Massachusetts

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

Frequently Asked Questions

How much money is in the Springfield College Defined Contribution Retirement Plan?
As of the 2022 Form 5500 filing, Springfield College Defined Contribution Retirement Plan holds $213M in total assets with 1,147 participants. It is sponsored by Springfield College.
What type of plan is Springfield College Defined Contribution Retirement Plan?
Springfield College Defined Contribution Retirement Plan is a Profit Sharing plan. It has been effective since 1950-06-01. The plan is filed with the U.S. Department of Labor under EIN 042104329.
Who sponsors the Springfield College Defined Contribution Retirement Plan?
Springfield College Defined Contribution Retirement Plan is sponsored by Springfield College, located in Massachusetts. The sponsor's EIN is 042104329 and the plan operates in the Educational Services industry.
How did Springfield College Defined Contribution Retirement Plan perform in 2022?
Springfield College Defined Contribution Retirement Plan declined by 14.1% during 2022, moving from $248M to $213M in total assets. Net income was $-34,852,665.
Where can I find official filings for Springfield College Defined Contribution Retirement Plan?
Official Form 5500 filings for Springfield College Defined Contribution Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 042104329 or plan name at efast.dol.gov.
How does Springfield College Defined Contribution Retirement Plan compare to other plans?
You can compare Springfield College Defined Contribution Retirement Plan against other Profit Sharing plans on the plan type page, or view plans in Massachusetts 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 042104329.

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.