Profit Sharing
2023 plan-year Profit Sharing DOL Form 5500

PROTECTIVE LIFE CORPORATION 401(K) PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

PROTECTIVE LIFE CORPORATION

This Profit Sharing plan holds $594M in total assets and serves 3,703 participants as of 2023. It is sponsored by PROTECTIVE LIFE CORPORATION in Alabama. The plan reported positive net income of $90M for the year.

Total Assets (2023)
$594M
Participants
3,703
State
Industry
Finance & Insurance

What the Filing Says About PROTECTIVE LIFE CORPORATION 401(K) PLAN

PROTECTIVE LIFE CORPORATION 401(K) PLAN is a Profit Sharing retirement plan sponsored by PROTECTIVE LIFE CORPORATION, headquartered in Alabama. As of the 2023 Form 5500 filing, the plan reports $594M in total end-of-year assets and covers 3,703 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 952492236, and the plan has been effective since 1984-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $504M at the beginning of 2023 to $594M at year-end — a gain of 17.9%. Net assets (after liabilities) closed the year at $594M, with reported net income of $90M 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)$504M
Total Assets (End of Year)$594M
Net Assets (End of Year)$594M
Net Income$90M
Plan TypeProfit Sharing
Employer EIN952492236
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (PROTECTIVE LIFE CORPORATION)

Year Plans Participants Total Assets
2022 2 6,573 $811M
2023 2 6,925 $915M
2024 2 7,098 $1.0B

Nearby Profit Sharing Plans in Alabama

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

Frequently Asked Questions

How much money is in the PROTECTIVE LIFE CORPORATION 401(K) PLAN?
As of the 2023 Form 5500 filing, PROTECTIVE LIFE CORPORATION 401(K) PLAN holds $594M in total assets with 3,703 participants. It is sponsored by PROTECTIVE LIFE CORPORATION.
What type of plan is PROTECTIVE LIFE CORPORATION 401(K) PLAN?
PROTECTIVE LIFE CORPORATION 401(K) PLAN is a Profit Sharing plan. It has been effective since 1984-01-01. The plan is filed with the U.S. Department of Labor under EIN 952492236.
Who sponsors the PROTECTIVE LIFE CORPORATION 401(K) PLAN?
PROTECTIVE LIFE CORPORATION 401(K) PLAN is sponsored by PROTECTIVE LIFE CORPORATION, located in Alabama. The sponsor's EIN is 952492236 and the plan operates in the Finance & Insurance industry.
How did PROTECTIVE LIFE CORPORATION 401(K) PLAN perform in 2023?
PROTECTIVE LIFE CORPORATION 401(K) PLAN grew by 17.9% during 2023, moving from $504M to $594M in total assets. Net income was $90M.
Where can I find official filings for PROTECTIVE LIFE CORPORATION 401(K) PLAN?
Official Form 5500 filings for PROTECTIVE LIFE CORPORATION 401(K) PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 952492236 or plan name at efast.dol.gov.
How does PROTECTIVE LIFE CORPORATION 401(K) PLAN compare to other plans?
You can compare PROTECTIVE LIFE CORPORATION 401(K) PLAN against other Profit Sharing plans on the plan type page, or view plans in Alabama on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 952492236.

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.

Data sourced from official public datasets. See our methodology for details.