IT PEOPLE CORPORATION 401K PLAN
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
IT PEOPLE CORPORATION
This 401(k) plan holds $3M in total assets and serves 83 participants as of 2022. It is sponsored by IT PEOPLE CORPORATION in North Carolina. The plan reported a net loss of $256K for the year.
What the Filing Says About IT PEOPLE CORPORATION 401K PLAN
IT PEOPLE CORPORATION 401K PLAN is a 401(k) retirement plan sponsored by IT PEOPLE CORPORATION, headquartered in North Carolina. As of the 2022 Form 5500 filing, the plan reports $3M in total end-of-year assets and covers 83 participants across the Professional & Technical Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 562126451, and the plan has been effective since 2007-10-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $3M at the beginning of 2022 to $3M at year-end — a decline of 7.3%. Net assets (after liabilities) closed the year at $3M, with reported net income of $-256,026 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 — 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) | $3M |
| Total Assets (End of Year) | $3M |
| Net Assets (End of Year) | $3M |
| Net Income | $-256,026 |
| Plan Type | 401(k) |
| Employer EIN | 562126451 |
| Plan Effective Date | 2007-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (IT PEOPLE CORPORATION)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 83 | $3M |
| 2023 | 1 | 83 | $4M |
Nearby 401(k) Plans in North Carolina
Peer 401(k) plans — same state, same plan type — ranked by total assets.
- THE BANK OF AMERICA 401(K) PLAN $54.8B · 173,899
- HONEYWELL 401(K) PLAN $15.4B · 40,004
- DUKE ENERGY RETIREMENT SAVINGS PLAN $10.4B · 28,121
- TRUIST FINANCIAL CORPORATION 401(K) SAVINGS PLAN $10.1B · 55,480
- NUCOR CORPORATION PROFIT SHARING AND RETIREMENT SAVINGS PLAN $8.5B · 24,174
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Frequently Asked Questions
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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 562126451.
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.
Read our methodology — how this data is sourced, computed, and verified.