Profit Sharing · DOL Form 5500 · 2023
Harvey Lipsitz Company, LLC Profit Sharing Plan
Data updated 2026-08-11
- $6M
- Total assets
- 5
- Participants
- 47th
- Percentile by assets
- $1.2M
- Avg per participant
Official DOL plan name: Basic Profit Sharing Plan · Sponsored by Harvey Lipsitz Company, LLC · Pennsylvania · Wholesale Trade
$6M in assets, 5 participants
Harvey Lipsitz Company, LLC's Basic Profit Sharing Plan reported $6M in total assets and 5 participants in its 2023 DOL Form 5500 filing, ranking in the 47th 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.
- 47th percentile by assets (of 127,072 plans)
- #2,301 in Wholesale Trade (6,309 peers)
2023 asset change
Basic Profit Sharing Plan grew sharply 18.5% in 2023 ($5M → $6M) for 5 participants.
- $6M
- total plan assets (2023 EOY)
- 5
- covered participants
- 47th
- percentile by assets (of 127,072 plans)
- $1.2M
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Basic Profit Sharing Plan reported net income rose from -$552K in the plan year 2022 filing to $899K in the plan year 2023 filing.
- Basic Profit Sharing Plan end-of-year assets rose from $5M in the plan year 2022 filing to $6M in the plan year 2023 filing.
2023 asset move for Basic Profit Sharing Plan
Year over year, total assets grew sharply from $5M at the start of 2023 to $6M at year-end (up 18.5%). Net assets closed at $6M; reported net income $899K.
Harvey Lipsitz Company, LLC years around the 2023 move
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 5 | $5M |
| 2023 | 1 | 5 | $6M |
| 2024 | 1 | 5 | N/A |
2023 asset-move particulars
| Total Assets (Beginning of Year) | $5M |
|---|---|
| Net Assets (End of Year) | $6M |
| Net Income | $899K |
| Employer EIN | 251371099 |
| Plan Effective Date | 1980-01-01 |
| Filing Status | FILING RECEIVED |
Nearby Profit Sharing Plans in Pennsylvania
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Basic Profit Sharing Plan vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants
- Eastern Atlantic States Carpenters Annuity Fund $2.1B · 17,441
- University of Pennsylvania Basic Plan $1.7B · 21,016
- International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan $1.1B · 3,905
- Temple University Health System, Inc. Defined Contribution Retirement Plan $763M · 10,204
- Morgan, Lewis & Bockius LLP Defined Contribution Plan $714M · 2,458
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Basic Profit Sharing Plan by total assets, not by location.
Frequently Asked Questions
How did Basic Profit Sharing Plan assets move in 2023? ▼
Which Profit Sharing plans are similar in size to Basic Profit Sharing Plan? ▼
Next read for Basic Profit Sharing Plan
2023 change
Ways to act on Basic Profit Sharing Plan's numbers.
- By total assets, Basic Profit Sharing Plan ranks in the lower half of filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Pennsylvania. Compare plans