Montreat College Retirement Plan
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
Sponsored by Montreat College · North Carolina · Educational Services
What the 2023 filing shows
Montreat College Retirement Plan holds $9M for 173 participants — about $50,183 per participant, up 13.9% over the 2023 plan year.
- $9M
- total plan assets (2023 EOY)
- 173
- covered participants
- $50,183
- avg assets per participant
- +13.9%
- assets growth YoY
What the Filing Says About Montreat College Retirement Plan
Montreat College Retirement Plan is a Profit Sharing retirement plan sponsored by Montreat College, headquartered in North Carolina. As of the 2023 Form 5500 filing, the plan reports $9M in total end-of-year assets and covers 173 participants across the Educational Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 560543261, and the plan has been effective since 1961-01-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $8M at the beginning of 2023 to $9M at year-end — a gain of 13.9%. Net assets (after liabilities) closed the year at $9M, with reported net income of $1M 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 2 prior plan-year filings 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) | $8M |
| Total Assets (End of Year) | $9M |
| Net Assets (End of Year) | $9M |
| Net Income | $1M |
| Plan Type | Profit Sharing |
| Employer EIN | 560543261 |
| Plan Effective Date | 1961-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Montreat College)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 143 | $8M |
| 2023 | 1 | 173 | $9M |
| 2024 | 1 | 198 | $10M |
Nearby Profit Sharing Plans in North Carolina
Peer Profit Sharing plans — same state, same plan type — ranked by total assets.
- The Duke University Faculty and Staff Retirement Plan $9.0B · 44,809
- Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan $3.2B · 18,961
- Lenovo Savings Plan $2.3B · 4,748
- The Moses H. Cone Memorial Hospital Voluntary Savings Plan $1.5B · 13,606
- Wake Forest University Retirement Plan $798M · 3,092
Related Data
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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 560543261.
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.