Profit Sharing · DOL Form 5500 · 2023

Herman Born & Sons, Inc. Profit Sharing Plan

Data updated 2026-08-25

$1M
Total assets Small plan by assets
20
Participants Small participant base
24th
Percentile by assets National rank
$54,816
Avg per participant Low balance/head
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Official DOL plan name: Herman Born & Sons, Inc. Profit Sharing Plan · Sponsored by Herman Born & Sons, Inc. · Maryland · Other Services

$1M in assets, 20 participants

Herman Born & Sons, Inc.'s Herman Born & Sons, Inc. Profit Sharing Plan reported $1M in total assets and 20 participants in its 2023 DOL Form 5500 filing, ranking in the 24th 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.

  • #3,850 in Other Services (7,857 peers)

Other Services sector rank

Within Other Services, Herman Born & Sons, Inc. Profit Sharing Plan ranks #3,850 of 7,857 2023 filers by assets (1831% of the sector average)-$1M for 20 participants.

#3,850
in Other Services (7,857 peers)
+13.0%
assets growth YoY

Herman Born & Sons, Inc. Profit Sharing Plan among the smaller filed plans by assets

Herman Born & Sons, Inc. Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$1,096,324 24th percentile higher than 24% of 127,068 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 2023

Herman Born & Sons, Inc. Profit Sharing Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Herman Born & Sons, Inc. Profit Sharing Plan is a small filing (20 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Herman Born & Sons, Inc. Profit Sharing Plan reported net income rose from -$64K in the plan year 2022 filing to $126K in the plan year 2023 filing.
  • Herman Born & Sons, Inc. Profit Sharing Plan end-of-year assets rose from $970K in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Herman Born & Sons, Inc. Profit Sharing Plan reported participants rose from 19 in the plan year 2022 filing to 20 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 520251580 · Herman Born & Sons, Inc. PY 2023 · Profit Sharing

Herman Born & Sons, Inc. Profit Sharing Plan · $1M · 20 · 24th

  • BOY $1M
  • BOY 20
  • BOY 24th
  • BOY Profit Sharing
  • BOY near Drew Child Development Corporation 403(b) Plan
  • BOY ind #3850

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 Other Services retirement plans → · Plans in Maryland →

Herman Born & Sons, Inc. Profit Sharing Plan in the asset neighbourhood

Herman Born & Sons, Inc. Profit Sharing PlanHerman Born & Sons, Inc. Pro…$1MDrew Child Development Corporation 403(b) PlanDrew Child Development Corpo…$1MDavid a Vasquez Profit Sharing Plan & TrustDavid a Vasquez Profit Shari…$1MGlobal Construction Services, Inc. Employee Profit Sharing Plan and TrustGlobal Construction Services…$1MMaurice Reisman P.C. Profit Sharing PlanMaurice Reisman P.C. Profit …$1M
End-of-year total assets ($M) among Herman Born & Sons, Inc. Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Other Services filing particulars

Total Assets (Beginning of Year)$970K
Net Assets (End of Year)$1M
Net Income$126K
Employer EIN520251580
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Herman Born & Sons, Inc.)

Sponsor-wide plan assets over time

All Herman Born & Sons, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1M 25.191786201288156% vs 2022
2024 filing year
$0.9M$1M$1.1M$1.2M$1.3M 202220232024 $0.97M $1.21M ▲ +24.7%
Year Plans Participants Total Assets
2022 1 19 $970K
2023 1 20 $1M
2024 1 19 $1M

Nearby Profit Sharing Plans in Maryland

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

Herman Born & Sons, Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in Maryland, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -10123 Total assets ($B) Participants Herman Born & Sons, Inc. Profit Sharing Plan, Total assets ($B): 0.001096324 · Participants: 20Herman Born & Sons, Inc. Profit Sharing PlanSprinkler Industry Supplemental Pension Fund, Total assets ($B): 2.639738544 · Participants: 25150Sprinkler Industry Supplemental Pension FundNfl Player Annuity Program, Total assets ($B): 1.696874072 · Participants: 2736Nfl Player Annuity ProgramMajor League Baseball Players Investment Plan, Total assets ($B): 1.082318546 · Participants: 4293Major League Baseball Players Investment PlanInternational Painters and Allied Trades Industry Annuity Plan, Total assets ($B): 0.621995078 · Participants: 10625International Painters and Allied Trades Industry Annuity PlanNfl Player Capital Accumulation Plan, Total assets ($B): 0.616701046 · Participants: 2701Nfl Player Capital Accumulation Plan
Herman Born & Sons, Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in Maryland, assets vs. participants
Compare Herman Born & Sons, Inc. Profit Sharing Plan side-by-side with 3 peers →

Herman Born & Sons, Inc. Profit Sharing Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Maryland, the nearest Profit Sharing by assets is Drew Child Development Corporation 403(b) Plan in CA ($1M); by covered participants it is Qrc Group Retirement Plan in PR (20 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (20 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Herman Born & Sons, Inc. Profit Sharing Plan assets move in 2023? ▼
Herman Born & Sons, Inc. Profit Sharing Plan grew at a solid clip - up 13.0% during 2023, from $970K to $1M. Reported net income was $126K.
How have Herman Born & Sons, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Herman Born & Sons, Inc.'s sponsor-wide assets grew 25.2%, from $970K to $1M.
Where does Herman Born & Sons, Inc. Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Herman Born & Sons, Inc. Profit Sharing Plan ranks in the 24th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which Profit Sharing plans are similar in size to Herman Born & Sons, Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Drew Child Development Corporation 403(b) Plan in CA ($1M, 110 participants).
Which Profit Sharing plans cover a similar participant headcount to Herman Born & Sons, Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Qrc Group Retirement Plan in PR (20 participants, $80K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 520251580.

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.