401(k)
2022 plan-year 401(k) DOL Form 5500

Tidewater Physicians Multispecialty Group, P.C. 401(k) Plan

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

Sponsored by Tidewater Physicians Multispecialty Group, P.C. · Virginia · Healthcare & Social Assistance

What the 2023 filing shows

Tidewater Physicians Multispecialty Group, P.C. 401(k) Plan holds $119M for 1,074 participants — about $111,219 per participant, down 11.0% over the 2022 plan year.

$119M
total plan assets (2022 EOY)
1,074
covered participants
$111,219
avg assets per participant
-11.0%
assets change YoY

The plan reported a net loss of $15M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$119M
Participants
1,074
State
Industry
Healthcare & Social Assistance

What the Filing Says About Tidewater Physicians Multispecialty Group, P.C. 401(k) Plan

Tidewater Physicians Multispecialty Group, P.C. 401(k) Plan is a 401(k) retirement plan sponsored by Tidewater Physicians Multispecialty Group, P.C., headquartered in Virginia. As of the 2022 Form 5500 filing, the plan reports $119M in total end-of-year assets and covers 1,074 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 541634477, and the plan has been effective since 1998-08-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $134M at the beginning of 2022 to $119M at year-end — a decline of 11.0%. Net assets (after liabilities) closed the year at $119M, with reported net income of $-14,832,888 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)$134M
Total Assets (End of Year)$119M
Net Assets (End of Year)$119M
Net Income$-14,832,888
Plan Type401(k)
Employer EIN541634477
Plan Effective Date1998-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Tidewater Physicians Multispecialty Group, P.C.)

Year Plans Participants Total Assets
2022 1 1,074 $119M
2023 1 1,051 $146M
2024 1 1,092 $169M

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Frequently Asked Questions

How much money is in the Tidewater Physicians Multispecialty Group, P.C. 401(k) Plan?
As of the 2022 Form 5500 filing, Tidewater Physicians Multispecialty Group, P.C. 401(k) Plan holds $119M in total assets with 1,074 participants. It is sponsored by Tidewater Physicians Multispecialty Group, P.C..
What type of plan is Tidewater Physicians Multispecialty Group, P.C. 401(k) Plan?
Tidewater Physicians Multispecialty Group, P.C. 401(k) Plan is a 401(k) plan. It has been effective since 1998-08-01. The plan is filed with the U.S. Department of Labor under EIN 541634477.
Who sponsors the Tidewater Physicians Multispecialty Group, P.C. 401(k) Plan?
Tidewater Physicians Multispecialty Group, P.C. 401(k) Plan is sponsored by Tidewater Physicians Multispecialty Group, P.C., located in Virginia. The sponsor's EIN is 541634477 and the plan operates in the Healthcare & Social Assistance industry.
How did Tidewater Physicians Multispecialty Group, P.C. 401(k) Plan perform in 2022?
Tidewater Physicians Multispecialty Group, P.C. 401(k) Plan declined by 11.0% during 2022, moving from $134M to $119M in total assets. Net income was $-14,832,888.
Where can I find official filings for Tidewater Physicians Multispecialty Group, P.C. 401(k) Plan?
Official Form 5500 filings for Tidewater Physicians Multispecialty Group, P.C. 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 541634477 or plan name at efast.dol.gov.
How does Tidewater Physicians Multispecialty Group, P.C. 401(k) Plan compare to other plans?
You can compare Tidewater Physicians Multispecialty Group, P.C. 401(k) Plan against other 401(k) 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.

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 541634477.

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.