Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Shcmhc 403(b) Plan

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

Sponsored by Southern Highlands Community Mental Health Center, Inc. ยท West Virginia ยท Healthcare & Social Assistance

What the 2023 filing shows

Shcmhc 403(b) Plan holds $2M for 455 participants - about $4,475 per participant, up 40.0% over the 2022 plan year.

$2M
total plan assets (2022 EOY)
455
covered participants
$4,475
avg assets per participant
+40.0%
assets growth YoY
Total Assets (2023)
$2M
Participants
455
Industry
Healthcare & Social Assistance

What the Filing Says About Shcmhc 403(b) Plan

Shcmhc 403(b) Plan is a Profit Sharing retirement plan sponsored by Southern Highlands Community Mental Health Center, Inc., headquartered in West Virginia. As of the 2022 Form 5500 filing, the plan reports $2M in total end-of-year assets and covers 455 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 550521143, and the plan has been effective since 2015-11-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $1M at the beginning of 2022 to $2M at year-end โ€” a gain of 40.0%. Net assets (after liabilities) closed the year at $2M, with reported net income of $582K 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 1 prior plan-year filing 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 โ€” 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)$1M
Total Assets (End of Year)$2M
Net Assets (End of Year)$2M
Net Income$582K
Plan TypeProfit Sharing
Employer EIN550521143
Plan Effective Date2015-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern Highlands Community Mental Health Center, Inc.)

Year Plans Participants Total Assets
2022 2 492 $4M
2023 2 473 $4M

Nearby Profit Sharing Plans in West Virginia

Peer Profit Sharing plans โ€” same state, same plan type โ€” ranked by total assets.

Frequently Asked Questions

How much money is in the Shcmhc 403(b) Plan?
As of the 2022 Form 5500 filing, Shcmhc 403(b) Plan holds $2M in total assets with 455 participants. It is sponsored by Southern Highlands Community Mental Health Center, Inc..
What type of plan is Shcmhc 403(b) Plan?
Shcmhc 403(b) Plan is a Profit Sharing plan. It has been effective since 2015-11-01. The plan is filed with the U.S. Department of Labor under EIN 550521143.
Who sponsors the Shcmhc 403(b) Plan?
Shcmhc 403(b) Plan is sponsored by Southern Highlands Community Mental Health Center, Inc., located in West Virginia. The sponsor's EIN is 550521143 and the plan operates in the Healthcare & Social Assistance industry.
How did Shcmhc 403(b) Plan perform in 2022?
Shcmhc 403(b) Plan grew by 40.0% during 2022, moving from $1M to $2M in total assets. Net income was $582K.
Where can I find official filings for Shcmhc 403(b) Plan?
Official Form 5500 filings for Shcmhc 403(b) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 550521143 or plan name at efast.dol.gov.
How does Shcmhc 403(b) Plan compare to other plans?
You can compare Shcmhc 403(b) Plan against other Profit Sharing plans on the plan type page, or view plans in West 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) โ€” original filing retrieval by EIN 550521143.

Reference: IRS Publication 560 โ€” Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B โ€” 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.