Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

403(b) Thrift Plan for Employees of the Western Massachusetts Training Consortium, Inc.

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

Sponsored by Western Mass Training Consortium, Inc · Massachusetts · Healthcare & Social Assistance

What the 2023 filing shows

403(b) Thrift Plan for Employees of the Western Massachusetts Training Consortium, Inc. holds $512K for 260 participants — about $1,971 per participant, up 16.0% over the 2022 plan year.

$512K
total plan assets (2022 EOY)
260
covered participants
$1,971
avg assets per participant
+16.0%
assets growth YoY
Total Assets (2023)
$512K
Participants
260
Industry
Healthcare & Social Assistance

What the Filing Says About 403(b) Thrift Plan for Employees of the Western Massachusetts Training Consortium, Inc.

403(b) Thrift Plan for Employees of the Western Massachusetts Training Consortium, Inc. is a Profit Sharing retirement plan sponsored by Western Mass Training Consortium, Inc, headquartered in Massachusetts. As of the 2022 Form 5500 filing, the plan reports $512K in total end-of-year assets and covers 260 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 237450656, and the plan has been effective since 1988-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $442K at the beginning of 2022 to $512K at year-end — a gain of 16.0%. Net assets (after liabilities) closed the year at $512K, with reported net income of $71K 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)$442K
Total Assets (End of Year)$512K
Net Assets (End of Year)$512K
Net Income$71K
Plan TypeProfit Sharing
Employer EIN237450656
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

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Frequently Asked Questions

How much money is in the 403(b) Thrift Plan for Employees of the Western Massachusetts Training Consortium, Inc.?
As of the 2022 Form 5500 filing, 403(b) Thrift Plan for Employees of the Western Massachusetts Training Consortium, Inc. holds $512K in total assets with 260 participants. It is sponsored by Western Mass Training Consortium, Inc.
What type of plan is 403(b) Thrift Plan for Employees of the Western Massachusetts Training Consortium, Inc.?
403(b) Thrift Plan for Employees of the Western Massachusetts Training Consortium, Inc. is a Profit Sharing plan. It has been effective since 1988-01-01. The plan is filed with the U.S. Department of Labor under EIN 237450656.
Who sponsors the 403(b) Thrift Plan for Employees of the Western Massachusetts Training Consortium, Inc.?
403(b) Thrift Plan for Employees of the Western Massachusetts Training Consortium, Inc. is sponsored by Western Mass Training Consortium, Inc, located in Massachusetts. The sponsor's EIN is 237450656 and the plan operates in the Healthcare & Social Assistance industry.
How did 403(b) Thrift Plan for Employees of the Western Massachusetts Training Consortium, Inc. perform in 2022?
403(b) Thrift Plan for Employees of the Western Massachusetts Training Consortium, Inc. grew by 16.0% during 2022, moving from $442K to $512K in total assets. Net income was $71K.
Where can I find official filings for 403(b) Thrift Plan for Employees of the Western Massachusetts Training Consortium, Inc.?
Official Form 5500 filings for 403(b) Thrift Plan for Employees of the Western Massachusetts Training Consortium, Inc. are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 237450656 or plan name at efast.dol.gov.
How does 403(b) Thrift Plan for Employees of the Western Massachusetts Training Consortium, Inc. compare to other plans?
You can compare 403(b) Thrift Plan for Employees of the Western Massachusetts Training Consortium, Inc. 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.

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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 237450656.

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.