401(k) · DOL Form 5500 · 2023

Canopy Tax, Inc. 401(k) Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
152
Participants Small participant base
42nd
Percentile by assets National rank
$28,327
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Canopy Tax 401(k) Plan · Sponsored by Canopy Tax, Inc. · Utah · Professional & Technical Services

$4M in assets, 152 participants

Canopy Tax, Inc.'s Canopy Tax 401(k) Plan reported $4M in total assets and 152 participants in its 2023 DOL Form 5500 filing, ranking in the 42nd 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.

  • #7,936 in Professional & Technical Services (20,321 peers)

Coverage in Utah

Canopy Tax 401(k) Plan covers 152 participants in Utah, about 26% of the average Utah filer (state average ~592 per filing). Assets: $4M.

#7,936
in Professional & Technical Services (20,321 peers)
+51.4%
assets growth YoY

Canopy Tax 401(k) Plan's mid-pack asset rank among Professional & Technical Services and all filers

Canopy Tax 401(k) Plan vs every filed plan by assets

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

$4,305,731 42nd percentile higher than 42% 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

Canopy Tax 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Canopy Tax 401(k) Plan sits mid-pack in the medium band (152 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Canopy Tax 401(k) Plan end-of-year assets rose from $3M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Canopy Tax 401(k) Plan reported net income rose from $967K in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Canopy Tax 401(k) Plan reported participants rose from 123 in the plan year 2022 filing to 152 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 465164530 · Canopy Tax, Inc. PY 2023 · 401(k)

Canopy Tax 401(k) Plan · $4M · 152 · 42nd

  • BOY $4M
  • BOY 152
  • BOY 42nd
  • BOY 401(k)
  • BOY near Scott Miller Salon 401(k) Profit Sharing Plan & Trust
  • BOY ind #7936

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 Professional & Technical Services retirement plans → · Plans in Utah →

Canopy Tax 401(k) Plan in the asset neighbourhood

Canopy Tax 401(k) Plan$4MScott Miller Salon 401(k) Profit Sharing Plan & TrustScott Miller Salon 401(k) Pr…$4MWintergreen Corporation 401(k) PlanWintergreen Corporation 401(…$4MMotan, Inc. 401(k) Profit Sharing PlanMotan, Inc. 401(k) Profit Sh…$4MBrooke Hikade Wyatt Dmd LLC 401(k) Profit Sharing PlanBrooke Hikade Wyatt Dmd LLC …$4M
End-of-year total assets ($M) among Canopy Tax 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Utah filing particulars

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$4M
Net Income$1M
Employer EIN465164530
Plan Effective Date2018-08-30
Filing StatusFILING RECEIVED

Sponsor Plan History (Canopy Tax, Inc.)

Sponsor-wide plan assets over time

All Canopy Tax, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$6M 111.72219356839317% vs 2022
2024 filing year
$2M$3M$4M$5M$6M$7M 202220232024 $2.84M $6.02M ▲ +112.0%
Year Plans Participants Total Assets
2022 1 123 $3M
2023 1 152 $4M
2024 1 150 $6M

Nearby 401(k) Plans in Utah

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Canopy Tax 401(k) Plan vs. nearby 401(k) plans in Utah, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -202468 Total assets ($B) Participants Canopy Tax 401(k) Plan, Total assets ($B): 0.004305731 · Participants: 152Canopy Tax 401(k) PlanIntermountain Healthcare Savings Plus 401(k) Plan, Total assets ($B): 6.015479 · Participants: 46680Intermountain Healthcare Savings Plus 401(k) PlanDeseret 401(k) Plan, Total assets ($B): 5.481729272 · Participants: 24292Deseret 401(k) PlanZions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership Plan, Total assets ($B): 1.662904822 · Participants: 10088Zions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership PlanSkywest, Inc. Employees' Retirement Plan, Total assets ($B): 1.192769515 · Participants: 15411Skywest, Inc. Employees' Retirement PlanAutoliv Asp, Inc. Employee Savings and Investment Plan, Total assets ($B): 0.633594695 · Participants: 4537Autoliv Asp, Inc. Employee Savings and Investment Plan
Canopy Tax 401(k) Plan vs. nearby 401(k) plans in Utah, assets vs. participants
Compare Canopy Tax 401(k) Plan side-by-side with 3 peers →

Canopy Tax 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Utah, the nearest 401(k) by assets is Scott Miller Salon 401(k) Profit Sharing Plan & Trust in NY ($4M); by covered participants it is Rapid Financial Services, LLC 401(k) Retirement Plan in MD (152 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (152 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 Canopy Tax 401(k) Plan assets move in 2023? ▼
Canopy Tax 401(k) Plan surged - up 51.4% during 2023, from $3M to $4M. Reported net income was $1M.
How have Canopy Tax, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Canopy Tax, Inc.'s sponsor-wide assets grew 111.7%, from $3M to $6M.
Which 401(k) plans are similar in size to Canopy Tax 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Scott Miller Salon 401(k) Profit Sharing Plan & Trust in NY ($4M, 163 participants).
Which 401(k) plans cover a similar participant headcount to Canopy Tax 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Rapid Financial Services, LLC 401(k) Retirement Plan in MD (152 participants, $8M 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 465164530.

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.