Profit Sharing · DOL Form 5500 · 2023

Tone Shop Guitars, Inc. Profit Sharing Plan

Data updated 2026-08-25

$2M
Total assets Small plan by assets
14
Participants Small participant base
29th
Percentile by assets National rank
$125,645
Avg per participant Near avg balance/head
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Official DOL plan name: Tone Shop Guitars, Inc. Profit Sharing Plan · Sponsored by Tone Shop Guitars, Inc. · Texas · Retail Trade

$2M in assets, 14 participants

Tone Shop Guitars, Inc.'s Tone Shop Guitars, Inc. Profit Sharing Plan reported $2M in total assets and 14 participants in its 2023 DOL Form 5500 filing, ranking in the 29th 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.

  • #3,478 in Retail Trade (8,414 peers)

What the 2023 filing shows

Tone Shop Guitars, Inc. Profit Sharing Plan holds $2M for 14 participants - about $125,645 per participant, in the lower half of filed plans by assets.

#3,478
in Retail Trade (8,414 peers)
-7.7%
assets change YoY

The plan reported a net loss of $147K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Tone Shop Guitars, Inc. Profit Sharing Plan among the smaller filed plans by assets

Tone Shop Guitars, Inc. Profit Sharing Plan vs every filed plan by assets

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

$1,759,025 29th percentile higher than 29% 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

Tone Shop Guitars, 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. Tone Shop Guitars, Inc. Profit Sharing Plan is a small filing (14 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Tone Shop Guitars, Inc. Profit Sharing Plan reported net income rose from -$195K in the plan year 2022 filing to -$147K in the plan year 2023 filing.
  • Tone Shop Guitars, Inc. Profit Sharing Plan end-of-year assets fell from $2M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Tone Shop Guitars, Inc. Profit Sharing Plan reported participants fell from 15 in the plan year 2022 filing to 14 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 473793798 · Tone Shop Guitars, Inc. PY 2023 · Profit Sharing

Tone Shop Guitars, Inc. Profit Sharing Plan · $2M · 14 · 29th

  • PCT $2M
  • PCT 14
  • PCT 29th
  • PCT Profit Sharing
  • PCT near A & a Transfer & Storage, Inc. Employees Profit Sharing Plan & Trust
  • PCT ind #3478

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 Retail Trade retirement plans → · Plans in Texas →

Tone Shop Guitars, Inc. Profit Sharing Plan in the asset neighbourhood

Tone Shop Guitars, Inc. Profit Sharing PlanTone Shop Guitars, Inc. Prof…$2MA & a Transfer & Storage, Inc. Employees Profit Sharing Plan & TrustA & a Transfer & Storage, In…$2MTabak, Mellusi & Shisha Profit Sharing PlanTabak, Mellusi & Shisha Prof…$2MJames Farina Corporation Profit-Sharing PlanJames Farina Corporation Pro…$2MPrograma Head Start Municipio De Orocovis 1081.01(D) Salary Deferral Retirement PlanPrograma Head Start Municipi…$2M
End-of-year total assets ($M) among Tone Shop Guitars, Inc. Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income-$147K
Employer EIN473793798
Plan Effective Date2015-04-20
Filing StatusFILING RECEIVED

Sponsor Plan History (Tone Shop Guitars, Inc.)

Sponsor-wide plan assets over time

All Tone Shop Guitars, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
N/A
2024 filing year
$0M$1M$2M$3M 202220232024 $1.91M $0M ▼ -100.0%
Year Plans Participants Total Assets
2022 1 15 $2M
2023 1 14 $2M
2024 1 15 N/A

Nearby Profit Sharing Plans in Texas

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

Tone Shop Guitars, Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -202468 Total assets ($B) Participants Tone Shop Guitars, Inc. Profit Sharing Plan, Total assets ($B): 0.001759025 · Participants: 14Tone Shop Guitars, Inc. Profit Sharing PlanSouthwest Airlines Co. Profitsharing Plan, Total assets ($B): 5.82182651 · Participants: 71461Southwest Airlines Co. Profitsharing PlanBaylor College of Medicine Retirement Plan, Total assets ($B): 1.714999292 · Participants: 10240Baylor College of Medicine Retirement PlanH-E-B Partner Stock Plan, Total assets ($B): 1.320262511 · Participants: 96911H-E-B Partner Stock PlanThe Defined Contribution Plan of the Methodist Hospital, Total assets ($B): 0.92297353 · Participants: 29678The Defined Contribution Plan of the Methodist HospitalAmerican Heart Association, Inc. Qualified Retirement Plan, Total assets ($B): 0.456894615 · Participants: 3455American Heart Association, Inc. Qualified Retirement Plan
Tone Shop Guitars, Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in Texas, assets vs. participants
Compare Tone Shop Guitars, Inc. Profit Sharing Plan side-by-side with 3 peers →

Tone Shop Guitars, Inc. Profit Sharing Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Texas, the nearest Profit Sharing by assets is A & a Transfer & Storage, Inc. Employees Profit Sharing Plan & Trust in FL ($2M); by covered participants it is Three Cities Management LLC Retirement Plan in NY (14 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (14 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 Tone Shop Guitars, Inc. Profit Sharing Plan assets move in 2023? ▼
Tone Shop Guitars, Inc. Profit Sharing Plan pulled back noticeably - down 7.7% during 2023, from $2M to $2M. Reported net income was -$147K.
Which Profit Sharing plans are similar in size to Tone Shop Guitars, Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is A & a Transfer & Storage, Inc. Employees Profit Sharing Plan & Trust in FL ($2M, 5 participants).
Which Profit Sharing plans cover a similar participant headcount to Tone Shop Guitars, Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Three Cities Management LLC Retirement Plan in NY (14 participants, N/A 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 473793798.

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.