Profit Sharing · DOL Form 5500 · 2023

Spin City Laundry Inc. Profit Sharing Plan

Data updated 2026-08-25

$711K
Total assets Small plan by assets
4
Participants Small participant base
21st
Percentile by assets National rank
$177,829
Avg per participant Above avg balance/head
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Official DOL plan name: Spin City Laundry Inc. Retirement Plan · Sponsored by Spin City Laundry Inc. · North Carolina · Other Services

$711K in assets, 4 participants

Spin City Laundry Inc.'s Spin City Laundry Inc. Retirement Plan reported $711K in total assets and 4 participants in its 2023 DOL Form 5500 filing, ranking in the 21st 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.

  • #3,435 in Other Services (7,857 peers)

Other Services sector rank

Within Other Services, Spin City Laundry Inc. Retirement Plan ranks #3,435 of 7,857 2023 filers by assets (2822% of the sector average)-$711K for 4 participants.

#3,435
in Other Services (7,857 peers)
-15.7%
assets change YoY

The plan reported a net loss of $132K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Spin City Laundry Inc. Retirement Plan among the smaller filed plans by assets

Spin City Laundry Inc. Retirement Plan vs every filed plan by assets

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

$711,317 21st percentile higher than 21% 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

Spin City Laundry Inc. Retirement Plan among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Spin City Laundry Inc. Retirement Plan is a micro filing (4 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Spin City Laundry Inc. Retirement Plan reported net income fell from $526K in the plan year 2022 filing to -$132K in the plan year 2023 filing.
  • Spin City Laundry Inc. Retirement Plan reported participants fell from 5 in the plan year 2022 filing to 4 in the plan year 2023 filing.
  • Spin City Laundry Inc. Retirement Plan end-of-year assets fell from $843K in the plan year 2022 filing to $711K in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 822868605 · Spin City Laundry Inc. PY 2023 · Profit Sharing

Spin City Laundry Inc. Retirement Plan · $711K · 4 · 21st

  • EOY $711K
  • 5500 4
  • ASSETS 21st
  • PCT Profit Sharing
  • EIN near John Larkin Sole Proprietor Profit Sharing Plan
  • RANK ind #3435

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 Other Services retirement plans → · Plans in North Carolina →

Spin City Laundry Inc. Retirement Plan in the asset neighbourhood

Spin City Laundry Inc. Retirement PlanSpin City Laundry Inc. Retir…$711KJohn Larkin Sole Proprietor Profit Sharing PlanJohn Larkin Sole Proprietor …$711KProfit Sharing Retirement Plan for Va Building Services of Roanoke, Inc.Profit Sharing Retirement Pl…$711KBellavantage Inc. Retirement PlanBellavantage Inc. Retirement…$711KSegundo C. Danao M.D. P.C. Profit Sharing TrustSegundo C. Danao M.D. P.C. P…$712K
End-of-year total assets ($M) among Spin City Laundry Inc. Retirement Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Other Services filing particulars

Total Assets (Beginning of Year)$843K
Net Assets (End of Year)$711K
Net Income-$132K
Employer EIN822868605
Plan Effective Date2017-09-21
Filing StatusFILING RECEIVED

Sponsor Plan History (Spin City Laundry Inc.)

Sponsor-wide plan assets over time

All Spin City Laundry Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$778K 7.816980973257759% vs 2022
2024 filing year
$0.65M$0.7M$0.75M$0.8M$0.85M$0.9M 202220232024 $0.84M $0.78M ▼ -7.1%
Year Plans Participants Total Assets
2022 1 5 $843K
2023 1 4 $711K
2024 1 5 $778K

Nearby Profit Sharing Plans in North Carolina

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

Spin City Laundry Inc. Retirement Plan vs. nearby Profit Sharing plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -0.500.511.522.5 Total assets ($B) Participants Spin City Laundry Inc. Retirement Plan, Total assets ($B): 0.000711317 · Participants: 4Spin City Laundry Inc. Retirement PlanTax Deferred Savings Plan of Novant Health, Inc., Total assets ($B): 2.233437356 · Participants: 36057Tax Deferred Savings Plan of Novant Health, Inc.Charter Communications, Inc. Retirement Accumulation Plan, Total assets ($B): 1.269819278 · Participants: 96058Charter Communications, Inc. Retirement Accumulation PlanFirsthealth of the Carolinas, Inc. Retirement Growth Plan, Total assets ($B): 0.108343803 · Participants: 5519Firsthealth of the Carolinas, Inc. Retirement Growth PlanBaker & Taylor Retirement Savings Plan, Total assets ($B): 0.06687568 · Participants: 1361Baker & Taylor Retirement Savings PlanIntermec Fssp Spinoff Plan, Total assets ($B): 0.050896422 · Participants: 74Intermec Fssp Spinoff Plan
Spin City Laundry Inc. Retirement Plan vs. nearby Profit Sharing plans in North Carolina, assets vs. participants
Compare Spin City Laundry Inc. Retirement Plan side-by-side with 3 peers →

Spin City Laundry Inc. Retirement Plan's out-of-state Profit Sharing peers by assets and headcount

Outside North Carolina, the nearest Profit Sharing by assets is John Larkin Sole Proprietor Profit Sharing Plan in CA ($711K); by covered participants it is Sj Grillo Profit Sharing Plan in NY (4 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (4 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 Spin City Laundry Inc. Retirement Plan assets move in 2023? ▼
Spin City Laundry Inc. Retirement Plan declined sharply - down 15.7% during 2023, from $843K to $711K. Reported net income was -$132K.
How have Spin City Laundry Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Spin City Laundry Inc.'s sponsor-wide assets declined 7.8%, from $843K to $778K.
Where does Spin City Laundry Inc. Retirement Plan rank by assets among Form 5500 filers? ▼
Spin City Laundry Inc. Retirement Plan ranks in the 21st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which Profit Sharing plans are similar in size to Spin City Laundry Inc. Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is John Larkin Sole Proprietor Profit Sharing Plan in CA ($711K, 5 participants).
Which Profit Sharing plans cover a similar participant headcount to Spin City Laundry Inc. Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Sj Grillo Profit Sharing Plan in NY (4 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 822868605.

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.