Profit Sharing
2023 plan-year Profit Sharing DOL Form 5500

Pennsylvania Institute of Technology Defined Contribution Plan

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

Sponsored by Pennsylvania Institute of Technology · Pennsylvania · Educational Services

What the 2023 filing shows

Pennsylvania Institute of Technology Defined Contribution Plan holds $9M for 110 participants — about $84,332 per participant, up 15.7% over the 2023 plan year.

$9M
total plan assets (2023 EOY)
110
covered participants
$84,332
avg assets per participant
+15.7%
assets growth YoY
Total Assets (2023)
$9M
Participants
110
State
Industry
Educational Services

What the Filing Says About Pennsylvania Institute of Technology Defined Contribution Plan

Pennsylvania Institute of Technology Defined Contribution Plan is a Profit Sharing retirement plan sponsored by Pennsylvania Institute of Technology, headquartered in Pennsylvania. As of the 2023 Form 5500 filing, the plan reports $9M in total end-of-year assets and covers 110 participants across the Educational Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 231543518, and the plan has been effective since 1995-01-01. 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 15.7%. 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 TypeProfit Sharing
Employer EIN231543518
Plan Effective Date1995-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Pennsylvania Institute of Technology)

Year Plans Participants Total Assets
2022 1 100 $8M
2023 1 110 $9M
2024 1 120 $11M

Nearby Profit Sharing Plans in Pennsylvania

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

Frequently Asked Questions

How much money is in the Pennsylvania Institute of Technology Defined Contribution Plan?
As of the 2023 Form 5500 filing, Pennsylvania Institute of Technology Defined Contribution Plan holds $9M in total assets with 110 participants. It is sponsored by Pennsylvania Institute of Technology.
What type of plan is Pennsylvania Institute of Technology Defined Contribution Plan?
Pennsylvania Institute of Technology Defined Contribution Plan is a Profit Sharing plan. It has been effective since 1995-01-01. The plan is filed with the U.S. Department of Labor under EIN 231543518.
Who sponsors the Pennsylvania Institute of Technology Defined Contribution Plan?
Pennsylvania Institute of Technology Defined Contribution Plan is sponsored by Pennsylvania Institute of Technology, located in Pennsylvania. The sponsor's EIN is 231543518 and the plan operates in the Educational Services industry.
How did Pennsylvania Institute of Technology Defined Contribution Plan perform in 2023?
Pennsylvania Institute of Technology Defined Contribution Plan grew by 15.7% during 2023, moving from $8M to $9M in total assets. Net income was $1M.
Where can I find official filings for Pennsylvania Institute of Technology Defined Contribution Plan?
Official Form 5500 filings for Pennsylvania Institute of Technology Defined Contribution Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 231543518 or plan name at efast.dol.gov.
How does Pennsylvania Institute of Technology Defined Contribution Plan compare to other plans?
You can compare Pennsylvania Institute of Technology Defined Contribution Plan against other Profit Sharing plans on the plan type page, or view plans in Pennsylvania 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 231543518.

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 U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.