Profit Sharing · DOL Form 5500 · 2023

The David and Lucile Packard Foundation Profit Sharing Plan

Data updated 2026-08-11

$61M
Total assets
138
Participants
87th
Percentile by assets
$442,361
Avg per participant
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Official DOL plan name: David and Lucile Packard Foundation Employer Contribution Retirement Plan · Sponsored by The David and Lucile Packard Foundation · California · Other Services

$61M in assets, 138 participants

The David and Lucile Packard Foundation's David and Lucile Packard Foundation Employer Contribution Retirement Plan reported $61M in total assets and 138 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • 87th percentile by assets (of 127,072 plans)
  • #7,437 in Other Services (7,857 peers)

Coverage in California

David and Lucile Packard Foundation Employer Contribution Retirement Plan covers 138 participants in California, about 22% of the average California filer (state average ~630 per filing). Assets: $61M.

$61M
total plan assets (2023 EOY)
138
covered participants
87th
percentile by assets (of 127,072 plans)
$442,361
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • David and Lucile Packard Foundation Employer Contribution Retirement Plan reported net income rose from -$8M in the plan year 2022 filing to $10M in the plan year 2023 filing.
  • David and Lucile Packard Foundation Employer Contribution Retirement Plan end-of-year assets rose from $51M in the plan year 2022 filing to $61M in the plan year 2023 filing.
  • David and Lucile Packard Foundation Employer Contribution Retirement Plan reported participants rose from 136 in the plan year 2022 filing to 138 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
California
Industry
Other Services

Participants vs California filers

In California, the average filing covers about 630 participants across 15,291 plans. David and Lucile Packard Foundation Employer Contribution Retirement Plan reports 138 participants - about 22% of that state average ($61M EOY assets).

California filing particulars

Total Assets (Beginning of Year)$51M
Net Assets (End of Year)$61M
Net Income$10M
Employer EIN942278431
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The David and Lucile Packard Foundation)

$70M$80M$90M$100M$110M$120M 202220232024 $77.7M $110M ▲ +41.5%
Total plan assets by year, all The David and Lucile Packard Foundation plans on file
Year Plans Participants Total Assets
2022 2 238 $78M
2023 2 227 $93M
2024 2 256 $110M

Nearby Profit Sharing Plans in California

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

David and Lucile Packard Foundation Employer Contribution Retirement Plan vs. nearby Profit Sharing plans in California, assets vs. participants

David and Lucile Packard Foundation Employer Contribution Retirement Plan vs. nearby Profit Sharing plans in California, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -202468 Total assets ($B) Participants David and Lucile Pac…Intel Retirement Con…Scpmg Keogh PlanMotion Picture Indus…Memorialcare Retirem…Disney Retirement Sa…
David and Lucile Packard Foundation Employer Contribution Retirement Plan vs. nearby Profit Sharing plans in California, assets vs. participants
Compare David and Lucile Packard Foundation Empl… side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to David and Lucile Packard Foundation Employer Contribution Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did David and Lucile Packard Foundation Employer Contribution Retirement Plan assets move in 2023? ▼
David and Lucile Packard Foundation Employer Contribution Retirement Plan grew sharply - up 20.1% during 2023, from $51M to $61M. Reported net income was $10M.
How have The David and Lucile Packard Foundation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The David and Lucile Packard Foundation's sponsor-wide assets grew 41.5%, from $78M to $110M.
Where does David and Lucile Packard Foundation Employer Contribution Retirement Plan rank by assets among Form 5500 filers? ▼
David and Lucile Packard Foundation Employer Contribution Retirement Plan ranks in the 87th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Profit Sharing plans are similar in size to David and Lucile Packard Foundation Employer Contribution Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Imc Markets N.a. 401(k) Plan in IL ($61M, 388 participants).

Next read for David and Lucile Packard Foundation Empl…

Filing takeaways

Ways to act on David and Lucile Packard Foundation Employer Contribution Retirement Plan's numbers.

  • By total assets, David and Lucile Packard Foundation Employer Contribution Retirement Plan ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Profit Sharing plans in California. Compare plans
  • The David and Lucile Packard Foundation's sponsor-wide assets have grown 41.5% since 2022 across 3 plan years on file. More Other Services plans

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 942278431.

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.